Forclosure

Foreclosure Windfall May Help U.S. States Prop Up Budgets, Raze HousesWisconsin (STOWI1) plans to use part of its $140 million share of the national foreclosure settlement to fill a budget hole. Missouri (STOMO1) would devote $40 million for education.Bloomberg - Feb 12 09:23pm
Pa. to get $266M from foreclosure abuse settlementA landmark settlement with the nation's biggest mortgage lenders over foreclosure abuses will deliver about $266 million in aid to the Pennsylvania for struggling homeowners or people who lost their homes, state Attorney General Linda Kelly said Thursday.Associated Press via Yahoo! News - Feb 10 07:05am
Is the $25 Billion Foreclosure Settlement a Stealth Bank Bailout?Thursday’s $25 billion foreclosure settlement received praise from some consumer groups, but the reaction was not all positive. One detail of the deal that has raised questions and concerns is reports that the five major U.S. banks will get credit for principal reduction of mortgages they do not own. While the fine print of the [...]Time Magazine - 47 minutes ago
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