Relevant:
- 1,100 borrowers to receive max $125,000 payment in foreclosure settlement
- OCC Defends $8.5B Foreclosure Settlement, Claims It Drove Hard Bargain
- What Mortgage Settlement Lacks in Substance, It Makes Up in Execution - Bank Think Article
- Whistleblowers Win $46.5 Million in Foreclosure Settlement
- Mass. mortgage borrowers eligible for payments - CBS 3 Springfield
2013-01-16 — nytimes.com
``This settlement is no different. The country's primary bank regulator, the Office of the Comptroller of the Currency -- which, along with the Federal Reserve, engineered the settlement -- is trying to make it look like a victory. Of the $8.5 billion, $3.3 billion will go directly to foreclosed-upon borrowers, making it "the largest cash payout to date," according to Bryan Hubbard, the O.C.C.'s chief spinmeister. (The rest of the money will consist of reduced interest payments and loan modifications.) ''
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