A massive settlement has been reached between the government and five of the nation’s biggest banks over foreclosure abuses and relief. Our partner The New York Times says the $ 26 billion deal will be doled out to 2 million homeowners. It’s part of a broad national settlement aimed at halting the housing market’s downward slide and holding banks accountable. Joining the program is Nelson Schwartz, business reporter with our partner, The Times.
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help. Make a gift today to help us raise $25,000 by the end of the month and keep The World going strong. Every gift will be matched 2:1!