Regions Program Helps Keep Residential Mortgage Foreclosures Low

Regions Financial Corporation (NYSE:RF) announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid hardship. As a result, Regions has taken steps including renegotiating the terms of mortgages, keeping families in their homes and allowing the company to maintain a foreclosure rate of less than one percent for residential first mortgages. “We have...