Thursday, January 05, 2012
Some Details of the AGs and Servicers Settlement Emerge
Headlines and Blogs from Around the Web |
Some Details of the AGs and Servicers Settlement Emerge... In the deal, approximately $17 billion would be set aside for principal reductions, and $3 billion would be to cover the costs of refinancing for current, underwater borrowers. The remaining $5 billion would be delivered in cash, $3.5 billion of which will help fund state and federal foreclosure mediation programs.Click to continue |
Light at the End of the Tunnel for Housing?
... Is 2012 the year the housing market turns around? Of course, no one can say for sure, but plenty of economists say signals are pointing in the right direction.
"It has become increasingly apparent that the pieces for a housing rebound next year are beginning to fall into place," wrote Barclays Capital analyst Stephen Kim in a recent report. ...
Posted by
mortgageticker
( Mortgage News Ticker at Realestateloans.com )
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