Relevant:
- What Mortgage Settlement Lacks in Substance, It Makes Up in Execution - Bank Think Article
- The Foreclosure Fiasco
- FHA Claims Against Bank of America / Countrywide Settled
- JPMorgan Reaches Tentative $13 Billion Settlement With Justice Department:
- Whistleblowers Win $46.5 Million in Foreclosure Settlement
2013-01-17 — americanbanker.com
``The $8.5 billion settlement breaks down to $3.3 billion directly to borrowers and $5.2 billion in indirect relief like a loan modifications. To outsiders, the settlement figures seem arbitrary because the review process had yet to generate any estimates of harm to borrowers. Critics charged that the government couldn't know how much to ask for if it had no idea how much damage was done.''
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