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So the "consumer relief" may actually harm them.
Another $4bn would be paid in consumer relief, and $5bn in penalties.
He added, "I can think of no better vindication" of the agency's consumer relief efforts.
The report shows that from March through September, more than 300,000 borrowers received $26.11 billion in "consumer relief".
In addition, our bill sets aside more than $2 trillion that can be used for consumer relief for energy costs.
A chunk of $7bn Bank of America consumer relief funds may be funneled to homeowners through this same lagging fund.
The Democrats' economic platform centers on consumer relief, including cash allowances for families rearing children and lower gasoline taxes.
I have a very tough time understanding the advantages of such proposals, particularly compared to other available consumer relief and stimulus options, of which there are many.
A final report on consumer relief will most likely be released early next year, and the monitor will continue to oversee the servicing requirements through early 2015.
"It's important to note that the modifications, other consumer relief options and refinances for which the company has requested credit under the settlement represent slightly less than 2 percent of our total consumer relief and refinance activity since 2009," said Vickee J. Adams, a spokeswoman for Wells Fargo Home Mortgage.
New Yorkers will receive about $670m of the Goldman Sachs settlement, including $190m in cash and $480m in consumer relief such as mortgage assistance and principal forgiveness.
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