Detailed text transcripts for TV channel - FOXNEWS - 20120210:18:24:00
The 26 billion-dollar foreclosure settlement involving five of the nion's largest mortgage lenders. the deal is meant to put cash back in the pockets of struggling homeowners that were wronged by abuses in the mortgage industry, but there are fears that it could trigger a new wave of home seizures. fox business network's cheryl pasoni is here. how does the deal work? >> we got this major settlement with the banks yesterday, the $25 billion settlement. many "wall street journalists" that cover the banks says it has a two hold effect on the banks. these five names hold 55% of outstanding mortgag...
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