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U.S. seals mortgage settlement with top banks

Mortgage Settlement

The U.S. government said on Thursday that the biggest U.S. banks will provide $25 billion in relief to distressed homeowners and states, as officials hold lenders responsible for taking illegal shortcuts during foreclosures and other mortgage paperwork.

 

Jon Huntsman Would Break Up Big Banks, Wants Tough Settlement For Mortgage Fraud

Republican presidential candidate Jon Huntsman called Monday for a major financial overhaul that would break up too-big-to-fail banks and deliver justice to homeowners and investors harmed by rogue foreclosures.

 

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