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| Foreclosure Deal to Spur U.S. Home Seizures - Bloomberg About 11 million U.S. homeowners have negative equity, or owe more on their mortgages than their homes are worth, according to CoreLogic Inc. (CLGX), a real estate data provider ... for servicing errors. For California, which has the highest ... |
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| States ink $25 billion landmark deal with five major banks over mortgage fraud allegations - New York Daily News Five major banks will pay $25 billion to settle charges they used shady methods to foreclose on homes during the housing crisis ... the Justice Department said. New York and California, long hold-outs, are among the 49 states signed on. |
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| $25 billion mortgage pact reached with five banks - Philadelphia Daily News About 750,000 borrowers who lost their homes to foreclosure between Jan. 1 ... of the Lusk Center for Real Estate at the University of Southern California. "The total number of dollars is still small compared to the value of the mortgages ... |
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| Mortgage deal is broadest action taken in foreclosure crisis - USA Today California and Florida, two big states devastated by foreclosures ... lecturer at the University of Michigan Law School and an expert in real estate law. The $10 billion "is not enough. There has to be a sustained program of principal reduction ... |
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| Legislative leaders back Atty. Gen. Harris on mortgage settlement - Los Angeles Times Harris faced criticism from Occupy L.A. protesters but support from state legislative leaders on Thursday for her agreement to have California participate ... protection for homeowners and tenants of homes under foreclosure, which Steinberg ... |
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