Jan 8, 2013 (Morning Edition) — Some of the biggest banks in the country have agreed to pay more than $18 billion to settle allegations of wrongdoing in their mortgage lending. And in a separate settlement, 10 banks agreed to pay more than $8 billion to settle claims they made errors in foreclosing on people's homes.
n p r n e w s
on:
NCPR is supported by:
This is a Visitor-Supported website.
More from NPR
May 18, 2013 — Fed up with working for free, some interns are suing their employers. Last week, a judge ruled that interns could not sue the Hearst Corp. as a class action, which could be a legal setback for young workers tired of exploitative unpaid internships.
May 18, 2013 — Afghanistan is believed to be home to world-class mineral deposits, valued at up to $3 trillion and offering hope for the country's economic future. But in the current environment of uncertainty, investors are nervous and it could be many years before Afghanistan strikes pay dirt.
May 18, 2013 — With the death of a possible suspect in one notorious case, activists are weighing the FBI's efforts to tackle cases from the 1950s and '60s. Some are calling for a congressional hearing to see whether the FBI has done enough investigating.
May 18, 2013 — The U.S. Army Corps of Engineers says the tiny town of Newtok, Alaska, could be completely underwater by 2017. Its 350 residents must relocate or stay to face the floods, but a move is easier said than done.
May 18, 2013 — More than 5 million Americans currently have Alzheimer's disease, and the number is only going to increase — in part, due to aging baby boomers. But researchers say increased awareness and early detection is helping patients live with the disease.
Settlements Underscore Damage Done In Housing Crash
by Jim Zarroli
Jan 8, 2013 (Morning Edition) — Some of the biggest banks in the country have agreed to pay more than $18 billion to settle allegations of wrongdoing in their mortgage lending. And in a separate settlement, 10 banks agreed to pay more than $8 billion to settle claims they made errors in foreclosing on people's homes.Missing some content? Check the source: NPR
Copyright(c) 2013, NPR
