U.S. Government seals $25 billion mortgage settlement

By Eight Forty-Eight
U.S. Government seals $25 billion mortgage settlement
The $25 billion settlement was reached with the JP Morgan Chase, Citibank, Wells Fargo, Bank of America, and Ally Financial. flickr/Sasha Y. Kimel
The $25 billion settlement was reached with the JP Morgan Chase, Citibank, Wells Fargo, Bank of America, and Ally Financial. flickr/Sasha Y. Kimel
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U.S. Government seals $25 billion mortgage settlement
The $25 billion settlement was reached with the JP Morgan Chase, Citibank, Wells Fargo, Bank of America, and Ally Financial. flickr/Sasha Y. Kimel
The $25 billion settlement was reached with the JP Morgan Chase, Citibank, Wells Fargo, Bank of America, and Ally Financial. flickr/Sasha Y. Kimel
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U.S. Government seals $25 billion mortgage settlement

By Eight Forty-Eight
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On Thursday, federal and state prosecutors reached a $25 billion settlement with banks over foreclosures.  So, what now? That’s the question on many current and former homeowners’ minds.

Ed Jacob, the executive director of the Neighborhood Housing Services of Chicago (NHS), sussed out the details and answered callers questions.