Settlement launches foreclosure reckoning

Settlement launches foreclosure reckoning
By Brady Dennis and Sari Horwitz, The Washington Post, February 9, 2012

The government’s $25 billion settlement Thursday with banks over fraudulent foreclosure practices begins a long-promised reckoning with the financial industry over its role in the worst economic crisis since the Great Depression, officials said.

$25B Mortgage Deal Doesn’t Let Banks Off Hook
By Hugh Son and Dawn Kopecki, Bloomberg, February 9, 2012

U.S. lenders including Bank of America Corp. still face years of litigation and billions of dollars in liabilities tied to the housing collapse after agreeing to settle a probe of abusive foreclosure practices.

Foreclosure Deal to Spur U.S. Home Seizures, Help Heal Market
By Prashant Gopal and John Gittelsohn, Bloomberg Businessweek, February 9, 2012

The $25 billion settlement with banks over foreclosure abuses may trigger a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely.

Settlement Is First Step Towards Foreclosure Relief
By Heather McGhee, Huffington Post

The mortgage servicing deal reached today between a coalition of state attorneys general and five major Wall Street banks is an important stepping stone in the effort to secure justice for homeowners victimized by the fraud and abuse behind the foreclosure crisis.

Reaction to foreclosure settlement
By Katie Crowther, KTNV TV, February 9, 2012

Las Vegas, NV — Home values around the valley have tanked since the start of the foreclosure crisis. Since then, Action News has heard from hundreds of desperate viewers begging for answers. Now, some help is on the way.

Q&A: Oklahoma AG goes his own way on robo-signing settlement
By Jon Prior, HousingWire, February 9, 2012

When the robo-signing settlement negotiations finally ended and officials took their turn at the different podiums Thursday, one man was noticeably absent.