Tuesday, February 21, 2012

Mortgage settlement

  • The $25 billion mortgage settlement negotiated on Feb. 9 by the administration and 49 state attorneys general with five big banks has been greeted with considerable political suspicion.
  • (Wall Street Journal)
  • Just who is paying for the big mortgage settlement, anyway? The Obama administration says its the banks. Mortgage investors worry it will be them. Taxpayers fear theyll have to pony up.
  • (Huffington Post)
  • Feb. 16 (Bloomberg) -- State and federal officials will aggressively investigate misconduct in the bundling of mortgages into securities following a settlement with banks over foreclosure abuses, the New York and Delaware attorneys general said.
  • (Businessweek)
  • Millions of borrowers who suffered financial losses because their mortgage lenders played fast and loose while processing their foreclosures now have two ways of getting a payback.
  • (msnbc.com)
  • Citigroup has agreed to pay $158.3 million to settle claims that its mortgage unit fraudulently misled the government into insuring risky mortgage loans for over six years.
  • (New York Times)
  • ISSUE: $25 billion mortgage settlement with five biggest U.S. banks. ONE VIEW: Deal is just one small step that will have little effect on housing crisis. Hold the confetti. The mortgage settlement everyone is bragging about really didn't settle much.
  • (Reno Gazette)
  • Hold the confetti. The mortgage settlement everyone is bragging about really didnt settle much. It took 16 months for five of the countrys biggest banks to reach a settlement with 49 state attorneys general and, frankly, the deal is disappointing.
  • (Delaware Wave)
  • HUD Secretary Shaun Donovan joins Starting Point to discuss how millions of people will be helped by the new sweeping mortgage settlement and additional programs recently announced.
  • (CNN)

No comments:

Post a Comment

Post a Comment