10 banks agree to $8.5B foreclosure settlement

01/7/2013 | Wall Street Journal, The

Ten large banks have agreed to an $8.5 billion settlement with regulators over allegations that they didn't use proper foreclosure processes. Under the agreement, 3.8 million borrowers who were foreclosed on in 2009 or 2010 will be paid a total of $3.3 billion. The settlement ends a review of foreclosure files that began in April 2011 -- a process that regulators said was taking too long and not delivering aid to consumers.

View Full Article in:

Wall Street Journal, The

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Project Engineer/AOD
FedEx Express
Jacksonville, FL
Executive Director
GRIOT Circle, Inc.
Brooklyn, NY
Executive Director
Gay & Lesbian Victory Fund and Institute
Washington, DC
Major Gifts Officer
Lambda Legal
New York, NY
Director, Workforce
Arlington, VA