Bank of America (BAC) said Wednesday that it has so far offered $15.8 billion in consumer relief under the national mortgage settlement and that it expects to meet all of its financial obligations by the end of February – two years ahead of its deadline.

Most of the relief continues to come in the form of short sales, though principal reductions given to delinquent or underwater borrowers now account for about one-third of the total, B of A said in a conference call detailing its progress on the settlement, which stemmed from banks’ so-called “robo-signing” of foreclosure documents.

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