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:
  • Santa Barbara High School’s Dons Net Café Honored as 2014 Top-Rated Nonprofit
    The Dons Net Café was part of the inaugural group to qualify for the year. “We are excited to be named a Top-Rated 2014 Nonprofit,” said Amazing Grace Llanos, CEO of the Dons Net Café. “We are proud of our accomplishments, which include the 21st ...
    12/19/2014 - 8:12 am | View Link
  • High Plains Earns Awards and Funds from U.S. Department of Health & Human Services
    Recently the U.S. Department of Health & Human Services awarded $36.3 million in Affordable Care Act funding to expand quality improvement in community health centers. The funding is used to reward community health centers that have a proven record in ...
    12/18/2014 - 5:58 am | 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
  • U.S. banks agree to $25 bln mortgage settlement
    The settlement announced on Thursday at the U.S. Justice Department seals more than a year of negotiations after ... at a time when roughly one in four borrowers owe more on their mortgage than their home is worth. The housing settlement gives President ...
    02/9/2012 - 5:12 am | View Link
  • More
BING SEARCH:
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    12/21/2014 - 10:25 pm | View Website
  • Politics News and U.S. Elections Coverage
    Get the latest breaking politics news and political coverage of U.S. elections. Get updates on President Obama's White House, Congress and more at ABC News.
    12/21/2014 - 9:57 pm | View Website
  • Notary Bulletin | NNA
    Season's Greetings From Your Favorite Notary Seals! By NNA Staff on December 18, 2014 - To give ...
    12/21/2014 - 12:31 pm | View Website
  • Breaking News, Top News & Latest News Headlines | Reuters.com
    Get the latest breaking news and top news headlines at Reuters.com
    12/21/2014 - 11:48 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 ...
    12/21/2014 - 11:41 am | 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