Banks Said Near $10 Billion Foreclosure Settlement
Regulators are close to a $10 billion settlement with 14 large banks to settle claims of faulty foreclosure practices, including excessive fees and so-called robo-signed documents, the New York Times reported. About $3.75 billion would go to people who have already lost their homes, the paper said, citing sources close to the deal. The rest would go toward lowering principals and monthly payments and other relief for borrowers still in their homes
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