Relevant:
- Few Homeowners See Benefit From National Mortgage Settlement, Three Months Later
- Bank Of America To Start Offering Principal Reduction Forgiveness On Delinquent Mortgages
- Ireland Weighs Debt Forgiveness in Housing
- When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy
- Are banks sidestepping the foreclosure settlement?
2012-09-30 — blogspot.com
In February, five of the nation's largest banks agreed on a $25 billion settlement over widespread, systemic mortgage fraud and related issues.
The $25 Billion Deal, announced with huge fanfare, was supposed to help up to a million struggling homeowners, primarily via debt forgiveness.
Let's flash forward a few months to see how debt forgiveness is working out in practice
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