Mortgage settlement

• As state and federal authorities announced the details of their $26 billion mortgage settlement with big banks on Thursday, millions of American homeowners were hoping that this time they would finally get relief.
(New York Times)
• The massive mortgage settlement may be setting new national standards for loan servicing, but it may be too little and too late to help troubled homeowners. Many homeowners will see reductions in the principal they owe on their mortgages.
(Baltimore Sun)
• A nationwide settlement on foreclosure practices has ended one headache for the banks involved, but there are signs that it is only the beginning of many others.
(Los Angeles Times)
• A landmark $25-billion settlement with the nation's top mortgage lenders was hailed by government officials today as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
(Detroit Free Press)
• An estimated $849 million to aid some 28,000 homeowners who are current on their payments but owe more than the market value of their homes.
(Inland Valley Daily Bulletin)
• Kansas Attorney General Derek Schmidt says $50 million will make its way here in the huge settlement approved today. 4,000 Kansans whose homes were improperly foreclosed on, receive $2,000 each for starters.
(WIBW)
• As part of the $25 billion mortgage fraud settlement announced Thursday, five of the biggest U.S.
(Huffington Post)
• For almost 1 million homeowners, the $25 billion federal-state mortgage settlement announced Thursday may be like winning a lottery.
(USA Today)