Push To Help Homeowners Continues

Written by Charlie Chester on January 20, 2012 – 6:59 pm

As regulators and attorneys general continue a year-long push to deliver help for homeowners, some left-leaning groups on Monday warned against any deal that protects banks against lawsuits.

Negotiations for a settlement over improper foreclosures have been dragging on for months between state and federal authorities and some of the nation’s biggest banks.

At stake could be a $20 billion to $25 billion pot of money from the banks and mortgage servicers that could help troubled homeowners modify loans and provide them with counseling, according to two people familiar with the talks.

Under the latest deal, about 1 million U.S. Full Article…


Tags: Homeowners, Homeowners Continues
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