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05-25-2012, 05:17 AM #1
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Where is the forclosure bank deal money going?
Where Are the Foreclosure Deal Millions Going in Your State?
As part of the mortgage settlement finalized in April, 2012, the five biggest banks agreed to pay $2.5 billion to 49 states and the District of Columbia.
List of amount by state and where state is putting it.
http://www.propublica.org/special/where-are-the-foreclos
ure-deal-millions-going
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05-26-2012, 10:46 AM #2
Garry Blankenship Guest Re: Where is the forclosure bank deal money going?
Mortgage settlement ? What does that mean ? Why are banks producing $ 2.5 billion ? What tangible guilt or law violation did they engage in that would induce them to fork up $ 2.5 B , as redress ? Did they create this credit fault swap derivitive thing ? Not acusatory questioning - - - I just am not understanding.
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