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The $26B settlement for foreclosure abuse includes 49 states - Oklahoma still holds out - and will enable 1M homeowners to reduce their deb t or refinance at lower rates. $5B will go to states and federal authorities, $17B to homeowner relief, $3B to refinancing and $1B to the FHA. The total could rise to $45B if all 14 major servicers participate.

The $26B settlement for foreclosure abuse includes 49 states - Oklahoma still holds out - and will enable 1M homeowners to reduce their deb t or refinance at lower rates. $5B will go to states and federal authorities, $17B to homeowner relief, $3B to refinancing and $1B to the FHA. The total could rise to $45B if all 14 major servicers participate. Post your comment!
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