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Detailed text transcripts for TV channel - MSNBC - 20120216:20:51:00

Practices. there are criminal prosecutions that have happened, whether it s a ceo who led one of the biggest lenders. but let s step back here. this is the single-biggest action to hold the banks accountable $25 billion since the crisis began. it s 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 this way? just to be clear, there s almost automatic payment of $2,000 to folks that were wrongly hurt by the servicing practices. not just lost their home, but extra fees that were delay ed i terms of the help they were getting. to be clear, there s a whole different process set up as well to help those families recover. ....

Ceo Who Led , 5 Billion , 25 Billion , Fork Practice , Servicing Practices ,

CNNW Your Money February 11, 2012

economy. now is the time for action. so i want to send a clear message for congress. do not slow down the recovery that we re on. don t muck it up. keep it moving in the right direction. steven moore is an editorial writer with the wall street journal. steven, the president s message don t muck it up. your message is to the voters and you re 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 to this recovery? well, first of all, i agree with you the economy is picking up. we re just getting week after week signs of a stronger economy. manufacturing has picked up. we got some good unemployment insurance claims this week which suggests we might get another bump down in the unemployment rate so i agree with you. we re seeing some really nice signs of recovery right now. what i question whether it s durable, whether it s sustainable. and i keep looking at what could happen o ....

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Detailed text transcripts for TV channel - MSNBC - 20120210:18:47:00

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. there s 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 to remember, look, these servicing practices were a problem but they did not cause the crisis, what caused the crisis of the origination of the loans. the servicing made it work but it was not the cause of the crisis, so you have to put the $30 billion into the perspective ....

Class Action Approach , Home Owners , Servicing Practices , 30 Billion , 0 Billion ,

Detailed text transcripts for TV channel - FOXNEWS - 20120207:17:07:00

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: that s 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 attorneys general have been reviewing a deal of up to $25 billion by the nation s five top mortgage lenders and servicer, including bank of america and wells fargo, in the robo signing scandal and investigation into the bank lending and servicing practices. sources close to the negotiations say the deal would provide up to $17 billion for reducing principal and providing similar benefits for hundred of thousands of struggling homeowners facing foreclosure. another 5 billion would go to pay fines and pe ....

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