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Banks agree to pay for wrongful foreclosures!

  • Broadcast in Finance
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At least that is what the headlines say.  Will anyone make out on the deal?  Who will they pay? How much?  What is the criteria?  Is this more window dressing with federal regulator (OTS, OCC, and FRB) pretending to crack down on the shoddy and fraudulent banking practices (the ones the banks pretend never existed)?  Will this fix the broken system or be just another red herring for the history books?  

Listen in as Attorney Steve Vondran discusses the settlement between the 14 banks and 2 loan servicers.

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