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:
  • Homeowners received more than $3B in mortgage settlement, Fed report says
    U.S. homeowners have received more than $3 billion through a settlement with 13 large banks for alleged misconduct in mortgage processing that could have resulted in wrongful foreclosures, according to a report released by the Federal Reserve. The deal ...
    07/9/2014 - 3:52 am | View Link
  • U.S. Department of Justice Reaches Global Settlement with the Big Banks
    Two qualifying factors are that the homeowner must be current on their mortgage payments and the mortgage must be owned by the bank and not an investor. - The program will continue to help customers undergoing a short sale. The bank may offer additional ...
    06/25/2012 - 10:01 am | View Link
  • Report: U.S. Taxpayers Will Subsidize Mortgage Settlement
    The Financial Times is reporting U.S. taxpayers will subsidize part of the $26 billion settlement owed by five leading banks to resolve claims over faulty foreclosures and mortgage practices. A clause in the provisional agreement, which has not been made ...
    02/20/2012 - 3:22 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 $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:
  • National Mortgage Settlement | State of California ...
    This Google™ translation feature is provided for informational purposes only. The Office of the Attorney General is unable to guarantee the accuracy of this ...
    01/31/2015 - 3:14 am | View Website
  • Joint State-Federal Mortgage Servicing Settlement FAQ ...
    All documents are in pdf format. Settlement Executive Summary; Settlement Fact Sheet; Benefits to Servicemembers and Veterans; Servicing Standards Highlights
    01/31/2015 - 12:01 am | 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.
    01/30/2015 - 9:17 pm | View Website
  • Mortgage Servicing Settlement
    $1 Billion to be Paid by the Bank of America to the United States Largest False Claims Act Settlement Relating to Mortgage Fraud; Federal Government and State ...
    01/30/2015 - 4:23 pm | View Website
  • Foreclosures (2012 Robosigning and Mortgage Servicing ...
    Chronology of Coverage. Nov. 27, 2014. U.S. Bank, a division of U.S. Bancorp, is being accused of failing to engage with borrowers who missed payments.
    01/29/2015 - 10:26 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