Anthony Mcentire News Today : Breaking News, Live Updates & Top Stories | Vimarsana

homes. millions more are still struggling to avoid foreclosure. for months now, the states have been negotiating with many of the banks over the price that the bank should pay for their role in this national disaster. today, they struck a deal. it will cost the banks as much as $25 billion, provide at least some compensation to some americans who lost their homes, and help others avoid foreclosure. people in all. wyatt andrews has more about what's in the deal, who it will help, and who it won't. >> we have reached a landmark settlement. >> reporter: the president calls it a great de...

their communities and it's good for our economy. >> reporter: the deal might also be good for una palmer. for two years, she said, she's been fighting to reduce her loan with bank of america and the settlement gives her hope she can win. >> one day you get up off your knees. that's where i am, up off my knees. >> reporter: in exchange for the money, the banks will be cleared of state charges of mortgage fraud and misconduct. when the banks foreclosed on some four million homes, they engageed in the mass forgery of documents called robo signing to falsely claim they owned the mortgage...

homes. millions more are still struggling to avoid foreclosure. for months now, the states have been negotiating with many of the banks over the price that the bank should pay for their role in this national disaster. today, they struck a deal. it will cost the banks as much as $25 billion, provide at least some compensation to some americans who lost their homes, and help others avoid foreclosure. one upon 1.75 people in all. wyatt andrews has more about what's in the deal, who it will help, and who it won't. >> we have reached a landmark settlement. >> reporter: the president calls...