Streams

Episode #39

Foreclosures Fixed? Reviewing the Settlements Reached Over Foreclosure Practices

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Friday, January 18, 2013

Stop foreclosures sign (Thomas Hawk/flickr)

Today is the deadline to submit claims for a piece of the $25 billion mortgage settlement state attorneys general reached with the five largest mortgage servicers in February 2012. 

Anyone who lost a home to foreclosure when dealing with Ally Bank (formerly GMAC), Bank of America, Citi, JPMorgan Chase or Wells Fargo from 2008 through 2011 can apply.

It's not to be confused with the recent $8.5 billion settlement announced between the Office of the Comptroller of the Currency, the federal government's chief regulator of banks, and 10 financial institutions.

This week on WNYC's Money Talking, Joe Nocera of the New York Times and Rana Foroohar of Time magazine weigh in on whether the settlements between banks and regulators and Attorneys General adequately addressed the foreclosure mess of the past several years.

Hosted by:

Charlie Herman

Produced by:

Daniel P. Tucker

Contributors:

Rana Foroohar and Joe Nocera
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Comments [1]

Sharon from Green Mountain North Carolina

As an individual that did everything right and was directed by the bank into foreclosure I feel that there is an acute lack of representation in your stories and in these so called settlements, of the point of view of the individuals for whom this 'settlement' has bee n reached. Has anyone during this whole process bothered to have the respect of asking us, the victims about our opinion. This is yet another case where the victim is blamed (regardless of reality) and therefore is only disrespected and treated thusly (kind of like being financial rape victim)

Jan. 20 2013 11:41 AM

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