Mortgage settlement

California Attorney General Kamala Harris announced Thursday, A $25 billion multi-state agreement with major banks over a document signing scandal will bring struggling California homeowners badly needed help in the form of in principal reductions and other relief. Five largest mortgage servicers: Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial

People who owe more than their homes are worth and have fallen behind on payments may qualify for loan reductions, while other people who are underwater but current on their loans may be able to refinance. And people who lost their homes to foreclosure may be able to get cash payments.