U.s. Seals Mortgage Settlement With Top Banks

Mortgage Settlement

WASHINGTON (Reuters) - 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.

RELATED ARTICLES
  • Feds in NYC: Hackers Stole $45M in ATM Card BreachFeds in NYC: Hackers Stole $45M in ATM Card Breach
    A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday. More
  • US home building is surging, but job growth isn'tUS home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • Man who faked his way into cockpit pleads guilty to fraud
    The man who conned his way into the cockpit of an US Airways flight in March pleaded guilty Wednesday in Philadelphia to one count of fraud in connection with an identification document. More
  • Stocks surge to new highs after hiring climbsStocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Unemployment falls to 7.5%; job creation solid in April
    The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More
BING NEWS:
  • HSBC paying $550-million to resolve U.S. claims on mortgage bonds
    The settlement is the latest federal government agreement over actions related to the financial crisis that struck in 2008. The meltdown, triggered by vast sales of high-risk mortgage securities, plunged the economy into the deepest recession since the ...
    09/12/2014 - 4:03 pm | View Link
  • Morgan Stanley to pay $95 million in U.S. mortgage-debt settlement
    NEW YORK (Reuters) - Morgan Stanley has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The settlement, disclosed in court papers ...
    09/8/2014 - 2:31 pm | View Link
  • Citigroup may pay $7 billion to resolve U.S. mortgage probes
    A settlement of around $7 billion for Citigroup would be higher than analysts had expected based on the bank's mortgage securities business. Some Wall Street analysts had previously estimated that Citigroup likely had about $3 billion of reserves set aside ...
    07/8/2014 - 6:12 pm | View Link
  • U.S. banks agree to $25 billion in homeowner help
    The record state-federal settlement will spread relief widely in the form of mortgage relief and $2,000 payments to borrowers who lost their homes to foreclosure. It will also release the banks - Bank of America Corp, Wells Fargo & Co, JPMorgan Chase & Co ...
    02/9/2012 - 9:43 am | View Link
  • U.S. banks agree to $25B mortgage settlement
    The settlement announced on Thursday seals more than a year of negotiations after evidence ... down mortgages at a time when roughly one in four borrowers owe more on their mortgage than their home is worth. Principal reductions have been done on a ...
    02/9/2012 - 5:13 am | View Link
  • More
BING SEARCH:
  • Department of Economics
    About the Department of Economics . Welcome to the Department of Economics of the University at Albany, State University of New York. Our Department has a strong ...
    11/22/2014 - 10:21 am | View Website
  • The Top Twelve Reasons Why You Should Hate the Mortgage ...
    As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are ...
    11/22/2014 - 12:05 am | View Website
  • Subprime mortgage crisis
    The U.S. subprime mortgage crisis was a nationwide banking emergency that coincided with the U.S. recession of December 2007 – June 2009. It was triggered by a ...
    11/21/2014 - 8:52 pm | View Website
  • Breaking News, Top News & Latest News Headlines | Reuters.com
    Get the latest breaking news and top news headlines at Reuters.com
    11/21/2014 - 7:19 pm | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    11/21/2014 - 5:39 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News