Big Banks Agree to $8.5B in Mortgage Settlement

Banks agree to $8.5B deal with regulators, as BofA gives Fannie $10B

By Kevin Spak,  Newser Staff

Posted Jan 7, 2013 8:55 AM CST | Updated Jan 7, 2013 10:57 AM CST

(Newser) – A group of 10 major lenders has agreed to pay federal regulators $8.4 billion to settle claims of foreclosure "robo-signings" and other abuses, the New York Times reports. Among the lenders onboard are JPMorgan Chase, Citibank, and Bank of America. About $3.3...   Read full story »


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