ForeclosureSettlement

Payments for Bad Foreclosures Are No Undeserved Windfall

Since the housing crash, millions of Americans have lost their homes, many of them victims of improper foreclosures. Now, those unfairly evicted homeowners can get cash payments in compensation. But don't be concerned that they're getting more than they deserve.

States, Feds to Announce Mortgage Settlement

U.S. states have reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal.