Feds Announce $25B Foreclosure Abuse Deal

Government officials announced a record $25 billion settlement with the five biggest banks related to foreclosure abuses including "robo-signing" of documents. The deal is the largest multi-state settlement since the Tobacco Settlement in 1998, the Department of Justice said. Among the money allocated will be $1.5 billion distributed nationwide to about 750,000 borrowers who lost their homes to foreclosure. Attorney General Eric Holder said the deal by 49 state attorneys general, who worked...Full Story
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