AG/Lender Settlement Coming Soon?

By
Real Estate Sales Representative with Wizards of Waz Real Estate

This article by DSNews cites a number of conflicting reports about whether or not the litigation between the nation's State Attorney Generals and the five major lenders may be reaching a settlement. It appears that Obama wanted to announce this at his State of the Union address but sources say a settlement is still weeks away. As I had mentioned in a previuos blog, a principal reduction program is supposed to be a part of this agreement.

Under the terms of the deal, hhe homeowners attached to this lawsuit will receive a whopping $1,800 and approximately 1M homeowners will receive principal reductions. That being said, at least one AG feels that the settlement goes to easy on the lenders.

I absolutely love his quote: “In many ways, Wall Street isn’t just too big to fail, it’s also too big to jail"

Ain't it the truth!!!

 

Read the full article http://bit.ly/yLgtu5

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
119,215

Bill "Waz" Wasowicz

Ask me a question
*
*
*
*
Spam prevention

Additional Information