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dixiegrrrrl

(60,175 posts)
5. Sadly not. Look at this:
Tue Feb 7, 2012, 10:04 PM
Feb 2012

More than 40 US states agree to nationwide foreclosure-abuse settlement, deal not yet final.

9:27 p.m. EST, February 6, 2012
WASHINGTON (AP) — More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses.

The deal would force the five largest mortgage lenders to reduce loans for about 1 million households. And the remaining holdouts could sign onto a deal in the coming days.

Officials say that negotiators worked well into Monday night to persuade more states to join the settlement. There is growing optimism that California, Delaware, Nevada, New York and others will eventually sign on.

The reduced loans would benefit homeowners who are behind on their payments and owe more than their homes are worth. The lenders — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — would also send checks for about $2,000 to hundreds of thousands of people who lost homes to foreclosure.

this is the entire story, found at
http://www.orlandosentinel.com/business/nationworld/sns-ap-us-foreclosure-settlement-states,0,3587747.story



Recommendations

0 members have recommended this reply (displayed in chronological order):

This has nothing to do with the Occupy movement, OK? MannyGoldstein Feb 2012 #1
Could I have some peas please? Fuddnik Feb 2012 #6
If you want something done right..... izquierdista Feb 2012 #2
Good point KT2000 Feb 2012 #3
Sadly not. Look at this: dixiegrrrrl Feb 2012 #5
OK - this is depressing KT2000 Feb 2012 #7
Just a reminder, from another source: dixiegrrrrl Feb 2012 #8
A check for $2000? Hugin Feb 2012 #9
If I were them, Ohio Dem Feb 2012 #4
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