Home loans

Economy
1:22 pm
Thu February 9, 2012

The mortgage deal: A reality check (in addition to $26 billion)

A member of the Occupy Wall Street movement places tape over a window of a foreclosed home during a march in the impoverished community of East New York in Brooklyn in December.
Spencer Platt Getty Images

Originally published on Thu February 9, 2012 1:19 pm

The $26 billion deal Thursday reached by the federal government, most states and the nation's largest banks to compensate homeowners for abusive foreclosure practices was hailed as a landmark agreement. But it's unlikely to end the mortgage mess that has depressed property values and left millions of homeowners owing more than their homes are worth, analysts say.

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Home loans
11:15 am
Thu February 9, 2012

Washington's share of mortgage settlement: $648 million

Washington's share of a $25 billion national settlement with the nation's biggest mortgage lenders will be about $648 million.

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The Two-Way
8:59 am
Thu February 9, 2012

Settlement Reached With Banks On Relief For Some Homeowners

Originally published on Thu February 9, 2012 9:46 am

"After negotiating through the night," NPR's Yuki Noguchi reports, states attorneys general, federal officials and five major banks have agreed on a plan that will provide about $26 billion in mortgage relief and aid to homeowners who got crushed when the housing bubble burst.

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