To the Point
Mortgage Settlement: Homeowner Relief or a Break for Banks?
Five big banks will have three years to make good on a $26 billion promise. Will the settlement for abuse and deception come in time to help the economy?
By Warren Olney • • 50m ListenFive big banks will have three years to make good on a $26 billion promise. Will the settlement for abuse and deception come in time to help the economy? We hear from experts and homeowners on the front lines of America’s mortgage crisis. Also, President Obama stays on the offensive on the payroll tax cut, and China's next leader visits the US.
Banner image: A foreclosed and now bank owned house that is for sale in the Spring Valley area of Las Vegas. Photo by Mark Ralston/AFP/Getty Images
