Servicing Practices News Today

Practices. >> there are criminal prosecutions that have happened, whether its a ceo who led one of the biggest lenders. but lets step back here. this is the single-biggest action to hold the banks accountable $25 billion since the crisis began. its the biggest settlement in the history of the country. but is it enough? absolutely number. >> the figure averaged out would be like $2,000 to people who lost their homes according to to unfeign fork practice. . $2,000 for people who have suffered in t...

economy. now is the time for action. so i want to send a clear message for congress. do not slow down the recovery that were on. dont muck it up. keep it moving in the right direction. >> steven moore is an editorial writer with the "wall street journal." steven, the presidents message dont muck it up. your message is to the voters and youre saying the worst thing they could do for the economy is four more years of president obama. why do you see president obama as a particular threat ...

Paperwork lost. but they did not lose their homes because of the abuses. and for most of them, this kind of payment, a simple, almost class action approach, where anyone who was foreclosed on during that period gets an automatic payment. theres a separate process available through the federal regulators as a result of the investigations, home owners can go in and present the facts. if they lost their home, they can get 50,000, or whatever, if in fact that was what the harm was. the other thing t...

The other states are still finding -- fighting for better turns and those other states are pretty important. peter barnes from the 20*bgs fox business network joins us. >> reporter: thats absolutely right, big foreclosure states like california and florida are not part of this deal yet, and sources say getting them into the deal will be important to getting the banks themselves to agree to a final deal and in getting a lot more money into the settlement for struggling homeowners. now, the attorn...