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    Back to To the Point

    To the Point

    US Reaches $25 Billion Mortgage Settlement with Top Banks

    President Obama announced today what he called "the largest joint federal-state settlement in American history." It's a $26 billion deal involving 49 states to provide relief from foreclosure abuse by five leading lenders: Bank of America, JP Morgan Chase, Citigroup, Wells Fargo and Ally Financial/GMAC Mortgage.

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    By Warren Olney • May 12, 2014 • 1 min read

    President Obama announced today what he called "the largest joint federal-state settlement in American history." It's a $26 billion deal involving 49 states to provide relief from foreclosure abuse by five leading lenders: Bank of America, JP Morgan Chase, Citigroup, Wells Fargo and Ally Financial/GMAC Mortgage. Lorraine Woellert is finance regulation reporter for Bloomberg News.

    The full episode

    1 of 3
    Mitt Romney and the Mormon Church
    1. 0:00US Reaches $25 Billion Mortgage Settlement with Top BanksYou’re reading this
    2. 7:12Is Mitt Romney Too Reticent about His Mormon Faith?
    3. 44:19Petitioning for Change at Apple
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Katie Cooper

      Producer, 'One year Later'

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Anna Scott

      Former KCRW Housing and Homelessness Reporter

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Caitlin Shamberg

      KCRW

    • KCRW placeholder

      Lorraine Woellert

      Bloomberg News

      NewsNationalPolitics

    The full episode

    1 of 3
    Mitt Romney and the Mormon Church
    1. 0:00US Reaches $25 Billion Mortgage Settlement with Top BanksYou’re reading this
    2. 7:12Is Mitt Romney Too Reticent about His Mormon Faith?
    3. 44:19Petitioning for Change at Apple
    Back to To the Point