Associated Press: $25B settlement reached over foreclosure abuses February 10,2012

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit...

"The total number of dollars is still small compared to the value of the mortgages that are underwater," said Richard Green, director of the University of Southern California's Lusk Center for Real Estate...

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