Banks, Foreclosure Document Errors | featured news

California to get $18 billion under mortgage deal

California's attorney general said on Thursday her state will receive up to $18 billion in benefits under a federal-state mortgage settlement to be announced later today.

 

Analysis: Banks largely reserved for U.S. mortgage pact cost

As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

 

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