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| Key states move closer to foreclosure-abuse deal - Yahoo Finance There is growing optimism that California, New York, Delaware, Nevada and a few others will eventually ... who are behind on their payments and owe more than their homes are worth. The lenders would also send checks for about $2,000 to hundreds ... |
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| UPDATE 4-U.S. banks agree to $25 bln in homeowner help - Reuters The deal, to be spread out over three years, requires the banks to cut mortgage debt amounts and extend $2,000 payments to borrowers who lost their homes to foreclosure ... Massachusetts and Delaware to also join. California Attorney General ... |
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| Bank Settlement Highlights the Feds' Foreclosure Flop - Daily Beast committed while booting people from their homes. It won’t tie the hands of any AG seeking to investigate subprime frauds beyond the foreclosure mess. The country’s more aggressive AGs, such as Delaware’s Beau Biden (the vice president’ ... |
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| Analysis: Banks largely reserved for U.S. mortgage pact cost - Reuters and around $1.5 billion in direct payments of up to $2,000 each to borrowers who lost their homes to foreclosure, according to a letter supporting the agreement sent Monday by Delaware banking commissioner Robert Glen. In addition, participating ... |
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| Yves Smith: "The Top Twelve Reasons Why You Should Hate the Mortgage Settlement" - DAILY KOS It’s a great deal for the banks because no one is at any of the servicers going to jail for forgery and the banks have set the upper bound of the cost of riding roughshod over 300 years of real estate law. 2. That $26 billion is actually $5 ... |
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