12.03.2012 - Mortgage deal is built on tradeoffs
Banks won a handful of concessions in the landmark $25 billion settlement of alleged foreclosure abuses, as federal officials struck a balance between their desire to be tough on lenders and the need to provide immediate relief to the housing market. A key sticking point in the year-long negotiations was how to structure mortgage write-downs, and who should bear the losses...............................................Full Article: Source
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