In what’s being called a “landmark deal” between states and big banks, a $25 billion settlement has been reached over fraudulent and questionable foreclosures during the last several years.
I’ve posted about this before, but to summarize the deal:
- struggling homeowners get better interest rates on their mortgages
- about $2,000 paid to those who had homes that were improperly foreclosed
- banks get a release from future lawsuits about these mortgages Continue reading