Billions Handed Out In Foreclosure Abuse Settlement - KATV - Breaking News, Weather and Razorback Sports

Billions Handed Out In Foreclosure Abuse Settlement

Posted: Updated:

More than 300-thousand homeowners have received 26-billion-dollars in relief under the terms of the foreclosure abuse settlement. The government says five of the country's largest banks... Bank of America, J-PMorgan Chase, Wells Fargo, Citibank and Ally Financial... have modified home loans, reduced interest rates and forgiven debt as part of the settlement 

The deal was reached last February between the banks... 50-attorneys general from 49 states and the District of Columbia ...and the federal government.  It resolved allegations that banks used faulty paperwork to seize homes.  Among the worst abuses... using robo-signers to sign  thousands of legal documents in which they attested to facts they had no knowledge of.  

(source: CNN)

  • Most Popular StoriesMost Popular StoriesMore>>

  • $30,000 worth of stolen sculptures from LR Riverfront Park are returned

    $30,000 worth of stolen sculptures from LR Riverfront Park are returned

    Monday, September 1 2014 12:12 PM EDT2014-09-01 16:12:15 GMT
    $30,000 worth of sculptures stolen from downtown were mysteriously returned Sunday morning. A couple found the sculptures in a black garbage bag inside of the Little Rock Vogel Schwartz Sculpture Garden at Riverfront Park. The Sizzling sisters, First Glance, and Conversation with Myself were all donated to the sculpture garden.More >>
    $30,000 worth of sculptures stolen from downtown were mysteriously returned Sunday morning. A couple found the sculptures in a black garbage bag inside of the Little Rock Vogel Schwartz Sculpture Garden at Riverfront Park. The Sizzling sisters, First Glance, and Conversation with Myself were all donated to the sculpture garden.More >>
  • "Lost Seal" from Civil War era returns to Saline County

    "Lost Seal" from Civil War era returns to Saline County

    Monday, September 1 2014 12:06 PM EDT2014-09-01 16:06:54 GMT
    Saline County celebrated the return of its“Lost Seal” by installing a historical civil war marker. The county hasn't had the seal since 1863 but it is now back in the county's possession. In 1996 Gary Smith of Pine Bluff discovered the seal with his metal detector in Grant County.More >>
    Saline County celebrated the return of its“Lost Seal” by installing a historical civil war marker. The county hasn't had the seal since 1863 but it is now back in the county's possession. In 1996 Gary Smith of Pine Bluff discovered the seal with his metal detector in Grant County.More >>
  • Metro Radar

    Metro Radar