Page 2 - James Roger News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To compromise the Capital Position of the bank in any way. Reporter also today, ten major banks, including bank of america settled claims they abused the foreclosure system, seizing defaulted homes without proper paperwork. The banks agreed to fix those abuses two years ago, with a casebycase review of foreclosure practices. But that just wasnt moving fast enough, and proved too costly. Bring in todays deal the banks will pay a total of 8. 5 billion. Three billion of that will go to homeowners hurt by the banks; the rest, five billion to assistance programs like loan refinancing, for homeowners who are struggling. It helps current homeowners and its going to help the marketplace at the margin. You know, the con, if there is one, is the fact that well never, it will make it less likely now that well ever get a full accounting of the foreclosure irregularities that existed. And how widespread were they, what were the types of irregularities and what were the full dollar amounts. Reporter

Republic ofUnited statesNew yorkDistrict of columbiaSallie maeSylvia hallSuzanne prattJerika millerJames rogerIan bremmerLas vegasKlaus kleinfeldJames rogersMatt elmoreSam stovallMargaret blair