Page 2 - Foreclosure Abuses News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reviews for the administration's $25 billion settlement for alleged foreclosure abuses. mr. secretary, thank you for joining me, i want to point out that some of the critics are saying that people will get $2,000 when they are soç underwater and they have lost so much. and that this will not of course, effect fannie mae, freddie may, how do you help those that are outside the circle of the settlement? >> andrea, first of all, just specifically on the question of the $2,000, i am glad you asked about it, because there's a lot of misunderstanding about that. for many home owners that were harm...

[ engine revving ] the all-new 2013 lexus gs. there's no going back. five major banks will have to pay $26 billion to settle federal and state investigations of alleged foreclosure abuses. ally financial, bank of america, citigroup, jpmorgan and wells

A couple minutes away from the opening bell. time for the market rundown. cnbc's mandy drury is here. what do you have for me? >> lots of things going on. before the break you were talking about the report that states have reached a deal with banks on so-called foreclosure abuses. it could lead to more than 2 million homeowners getting relief from a number of the biggest banks in the u.s. we're expecting some broad settlement announced today. the president, of course, is is it going to work? will it stop the housing market's downward slide. at the end of the day it will only help a relatively ...

the outside world with william cohen. it is a new day hopefully a far safer one for sunlts at a los angeles school at the center of a shobi ishocking child abu n scandal. they were greeted with an entirely new staff. the whole staff was replaced after the arrest of at least two teachers accused of committing lewd acts with students. eight alleged victims are expected to announce the first lawsuits in that case. president obama is let'sing states off the hook when it comes to the no child left behind law. the president is expected to announce this hour that he's freeing ten states...

>> bret: labor department officials say the number of available jobs in the u.s. jumped to a three-year high in december. stockstocks were up today. dow added three to close at the highest point since may of 2008. s&p 500 gained three and nasdaq closed two ahead. california and new york are said to move closer to signing on to settlement over foreclosure abuses. the deal would force the five largest mortgage lenders to reduce loans for a million households. so far, more than 40 states have agreed to the settlement. congressional budget office figures indicate the deficit is increasing at a low...