U.s. Seals Mortgage Settlement With Top Banks

Reuters: Top News, Reuters
Thu, 02/09/2012 - 8:40am

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.

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Topics: foreclosure foreclosure document errors foreclosure fraud foreclosure mistakes foreclosure probe fraud good news government homeowner housing market lawsuit lawsuit settlement mortgage mortgage fraud real estate u.s. government

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