Foreclosure settlement

• Its been 21 days since the government announced with great fanfare a $25 billion national foreclosure settlement with five big banks -- long enough for three generations of houseflies to live, love and die.
(Huffington Post)
• Distressed homes sold for an average price of $85,195. More foreclosures may be on the horizon, following last months settlement between the Justice Department an five major banks over foreclosure practices.
(St. Louis Post-Dispatch)
• A total of 88,303 pre-foreclosure properties sold in the fourth quarter, making up 10 percent of all transactions. Five of the top U.S.
(Businessweek)
• A $25 billion settlement reached earlier this year between the nations biggest mortgage lenders and 49 state attorneys general has begun paving the way for more foreclosures this year, however.
(Oregonian)
• California communities and families are being devastated by the mortgage and foreclosure crisis, Harris said. We must ensure the deceptive practices that caused it never happen again.
(Sacramento Bee)
• The recent Federal Foreclosure settlement shows the nations major banks are admitting fault in the foreclosure crisis and does not waive the rights of homeowners in dealing with the banks, according to Vito Torchia, Jr.
(YAHOO!)
• 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)
• The $25.
(In These Times)
• The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
(Salt Lake Tribune)