January 07, 2013 at 14:04 PM EST
UPDATE 3-Ten US banks to pay $8.5 bln to end foreclosure reviews
WASHINGTON, Jan 7 (Reuters) - A group of 10 mortgage servicers agreed on Monday to pay a total of $8.5 billion to end a U.S. government-mandated case-by-case review of housing crisis foreclosures in an acknowledgement the program had proven too cumbersome and expensive.
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