Checks sent to foreclosure victims are bouncing

A sign hangs in the window of a foreclosed house on October 29, 2012 in Warren, Ohio.

Today's final note brings with it a shake of the head and a 'no, c'mon...you're kidding, right?'

From the Federal Reserve, we have news that some of the checks sent to victims of foreclosure abuse — robo-signing, wrongful eviction — have bounced.

The good news is that it seems to be a paperwork snafu, not actually insufficient funds in the $3.5 billion settlement account.

But still.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...