The $26 Billion Foreclosure Settlement: Who Won? Who Lost?

A consortium of the Department of Justice and the Attorneys General of every state other than Oklahoma recently announced a $26 billion settlement with the five largest new mortgage and home mortgage refinance lenders to settle claims related to improper foreclosures. Although it has been hailed as a significant victory for consumers and has been compared to the landmark $206 billion 1998 tobacco settlement, the details of the agreement paint a different picture.

Current Politics to Change Mortgage & Real Estate Markets

As the nation is trying to handle the ongoing fallout of the housing bubble, the United States government is considering a number of changes in how we treat residential mortgages. Although there are countless ideas under consideration, three stand out as being both popular and conceivably able to pass. They will all have different effects on both home buyers and home owners.

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