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5 big US banks have cut mortgage debt by $19B

Associated Press
5 big US banks have cut mortgage debt by $19B

In this Jan. 5, 2013, photo a "for sale" sign is seen outside a home in Glenview, Ill. Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses. (AP Photo/Nam Y. Huh)

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