Mortgage Settlements News Today

Settlement includes a record $4 billion. thats $4 billion with a "b." a $4 billion penalty for their misdeeds along with $2.5 billion earmarked for so-called consumer relief. that reportedly will go to helping those struggling to pay their mortgages and to finance affordable housing. todays announcement is the latest of justice department settlements with the big banks. november, jpmorgan chase settled for a landmark $13 billion, a sizable chunk of the tunes and fees that big banks have agreed t...

Its knees six years ago now. settlement includes a record $4 billion. thats $4 billion with a "b." a $4 billion penalty for their misdeeds along with $2.5 billion earmarked for so-called consumer relief. reportedly will go to helping those struggling to pay their mortgages, finance affordable housing. todays announcement is the latest of justice department settlements with the big banks. november, jpmorgan chase, a land mark $13 billion, a sizable chunk of the fines and fees big banks agreed to ...

Their net worth. when you understand the mate of the st. louis, it has to focus on targeted strategies to help those who are hit the hardest, and, yet, these mortgage settlements that have come out, theres no -- theres been no transparency. we have no notion of whether its been fair. we are calling for more information so we can get to the heart of that. >> dr. rocky moore. thank you so much. its an excellent cause. we cant have racial justice without shrinking the racial gap. they say good advi...

Dollars to resolve several federal investigators. the justice department has been looking into accusations they misrepresented bad mortgages it sold to investors leading up to the 2008 financial crisis. once finished, that could be the biggest settlement from a single financial institution in the wake of the 2008 crisis. alison kosik is over at the new york stock exchange watching all of this. thats a huge number, alison. $13 billion. >> it really is huge. but it is something, believe it or not,...