Mortgage Settlement

The Leonard Lopate Show

The Inside Story of One of the Largest Financial Settlement of All Time

Monday, August 25, 2014

Financial reporter William D. Cohan on JPMorgan Chase’s landmark mortgage settlement and investigating Wall Street dealings.

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After the Crash, Banks Paid Billions. Where’d it All Go?

Tuesday, June 17, 2014

To places like Newburgh, NY. The town has become a laboratory for a block-by-block method of rehabbing abandoned homes. Now, the program is going to double in size and possibly expand to New York City.

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The Leonard Lopate Show

Details of the Government Foreclosure Deal

Monday, April 15, 2013

As the government's largest effort to compensate victims of the banks' foreclosure practices comes to a close, ProPublica's Paul Kiel reports that it won't be much of an ending: roughly 3 million borrowers will receive no more than $500. He goes into the history of robo-signing and other aggressive practices that caused homeowners who weren’t behind on their mortgage payments to face foreclosure. His latest article is "For Most Homeowners, Gov’t Foreclosure Deal Brings A Few Hundred Bucks."

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Money Talking

Money Talking: Foreclosure Settlements

Friday, January 18, 2013

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. 

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Banks Settle For Billions Of Dollars in Mortgage Claims

Monday, January 07, 2013

Ten major banks and mortgage companies are settling with federal regulators over accusations they wrongfully foreclosed on homeowners.


The Takeaway

What the Mortgage Settlement Means for the Housing Market

Friday, February 10, 2012

On Thursday the government approved a $26 billion settlement for homeowners who’ve been foreclosed upon or are currently at risk. Approximately two million Americans will get a $1,800 settlement check, which is a lot of people but not a whole lot of money: the Joint Economic Committee of Congress found that the average foreclosure in 2008 cost $7,200. This money also won't cover losses accrued by local governments who lost tax revenue, or neighbors whose own property values fell.

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