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Released: January 30, 2012
Who benefits from possible $25B mortgage settlement?
Source: Julie Schmit, USA Today
After nearly a year of negotiations, federal and state officials and major mortgage servicers are moving closer to amultibillion-dollar settlement over alleged foreclosure and mortgage loan-servicing abuses. A deal could be finalized by early February, some officials say, although that’s not a certainty. And its terms could change.
Based on interviews with officials on both sides of the negotiations, USA TODAY reporter Julie Schmit explains what a potential settlement might include and what it’s likely to mean for borrowers and the housing market
Read Full Article: Who benefits from possible $25B mortgage settlement?
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