Sylvia Maria Gross
May 17, 2012 Major banks forked over billions of dollars in a mortgage settlement. Some states are using that money to fix any kind of budget gap.
May 9, 2012 The big 49-state deal on mortgages was supposed to help clear the foreclosure backlog. So how are the banks faring now?
Mar 12, 2012 The $25 billion settlement announced last month finally details all the different types of relief for borrowers. But it sure took a long time.
Feb 17, 2012 A report says U.S. taxpayers may end up on the losing side of the multi-billion-dollar housing settlement between banks and states. Former TARP Inspector General Neil Barofsky explains how we may be bailing out big banks again.
Feb 17, 2012 When the news hit the other day of the blockbuster settlement for abuses in the foreclosure process, there may have been one brand you didn’t immediately recognize. Ally has really only been around since 2009, but there are already rumors swirling about its status.
Feb 13, 2012 Banks will pay out billions over questionable foreclosure practices, like robo-signing. Will homeowners in hard-hit Nevada feel relief?
Feb 13, 2012 Yesterday's $25 billion agreement between five big U.S. banks and state attorneys general could help some three million homeowners who owe more than their homes are currently worth.
Feb 13, 2012 The settlement between states and banks is worth $250 billion, but few homeowners benefit.
Feb 13, 2012 The $25 billion foreclosure settlement is one of the biggest in history. But is it fair? Housing and Urban Development Secretary Shaun Donovan, one of the architects of the deal, responds.
Heidi N. Moore
Feb 13, 2012 Today's $26 billion settlement between the government and five of the nation's biggest banks could free up the billions in mortgage securities they possess. But the settlement will also change many of the ways banks deal with foreclosures.