Settlement Money Moving Slowly
This past February (2012) the state attorneys general from 49 states reached a historic settlement with five major U.S. housing lenders (Bank of America, Citigroup, GMAC, J.P. Morgan Chase, and Wells Fargo) that would provide some $25 billion in relief to underwater homeowners and those who already lost their homes due to foreclosure. Yet more than two months later, most of that money has not even begun to go out, according to a story published … Continue reading →
