Big Banks, 49 States Reach $25 Billion Deal Over Foreclosure Abuses

2,692 views · Published 10 February 2012 · 12:19 · Indexed 27 September 2026

Channel: PBS NewsHour · 2012 · News & Politics

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Even as foreclosed homes -- casualties of the housing bubble -- still litter the American landscape, federal and state officials announced Thursday a $25 billion deal between 49 states and five mortgage giants designed to give relief to homeowners and hold banks accountable for abusive practices.

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