Friday, 10 February 2012

U.S. banks agree to $25 billion in homeowner help

WASHINGTON (Reuters) - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market.

Source: http://feeds.reuters.com/~r/reuters/businessNews/~3/ysX2qgWBNII/us-mortgage-settlement-idUSTRE81600F20120210

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