Final Note

Checks sent to foreclosure victims are bouncing

Kai Ryssdal Apr 18, 2013
HTML EMBED:
COPY
Final Note

Checks sent to foreclosure victims are bouncing

Kai Ryssdal Apr 18, 2013
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.