2012-09-06huffingtonpost.com

Homeowner advocates have taken a dim view of the settlement, claiming that banks' mortgaging servicing divisions continue to abuse homeowners as before. The California Reinvestment Coalition said last week that settlement progress reports indicate "banks have made little progress on providing principal reduction to California homeowners, and instead have prioritized short sales -- a tool that represented business as usual for banks before the settlement was ever announced."


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