$25 billion settlement reached with 5 largest mortgage lenders over foreclosure abuses

WASHINGTON - A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.

$25B settlement reached over foreclosure abuses

A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.

Bad Home Loans Top $72B for Banks

Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of a 50-state probe into the industry’s practices.

Bank Of America Details The Mortgage Foreclosure Settlement

Most people read the headlines (and heard Obama tell us) today that the federal government and 49 state attorneys general reached a $25bn agreement with the five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. It seems that many people are unclear on what the implications of the various aspects of the settlement are and so we present Bank of America's ...

States, banks reach foreclosure-abuse settlement

Arkansas will get roughly $39.4 million as part of a multi-state settlement with five banks over fraudulent foreclosure practices.