Thursday, February 9, 2012
Foreclosure Deal and U.S. Home Seizures - Real Principal Reductions?
Joe: what do you think? Does the deal mainly help the banks or the home owners? See the comment by Paul Diggle – he said principal reductions under the settlement seem small. -Bob
Foreclosure Deal to Spur
Home Seizures U.S.
By Prashant Gopal and John Gittelsohn -
The $25 billion settlement with banks over foreclosure abuses may trigger a wave of home seizures, inflicting short-term pain on delinquent
borrowers while making a long-term housing recovery more likely. U.S.