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States use homeowner funds to plug budget holes

by Marketplace Contributor May 16, 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.

Banks try to adopt mortgage settlement rules

by John Dimsdale 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?

Mortgage settlement to be closely policed

by Nancy Marshall-Genzer 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.
Economy 4.0

Where Ally stands in the foreclosure settlement

by David Brancaccio 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…

The mortgage settlement may cost taxpayers

by Adriene Hill 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.

Nevadans scrutinize $25 billion foreclosure settlement

by Adam Burke Feb 13, 2012
Banks will pay out billions over questionable foreclosure practices, like robo-signing. Will homeowners in hard-hit Nevada feel relief?

HUD chief: Settlement is one piece of broader puzzle

by Kai Ryssdal Feb 10, 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.

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Bank settlement to bail out some underwater homeowners

by John Dimsdale Feb 10, 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.

Who benefits from the national mortgage settlement?

by Adriene Hill Feb 10, 2012
The settlement between states and banks is worth $250 billion, but few homeowners benefit.

Cleaning up the mortgage mess

by Marketplace Contributor Feb 9, 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.