Relevant:
- HSBC Reaches $470 Million Accord Over Foreclosure Abuses
- HSBC to Pay $550 Million to US Housing Authorities to End Mortgage-Related Suit
- Analysis & Opinion | Reuters
- 72,000 Michigan homeowners may receive payout after deceptive mortgage settlement
- Mortgage Settlement Yields $50B of "Aid"; But Not All Aid Dollars Equal
2013-01-21 — huffingtonpost.com
``Under the settlement, HSBC will pay $96 million in cash compensation to about 112,000 homeowners. The rest -- $153 million -- will go toward reducing mortgage balances and forgiving outstanding principal on home sales that generated less than borrowers owed on their mortgages.''
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