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How $8.5 Billion Foreclosure Settlement Affects Borrowers

Q&A: Status and Affect of Billion Dollar Settlement Many details of the $8.5 billion mortgage foreclosure settlement that federal banking regulators announced Monday have not been finalized yet. Here are some answers for borrowers. Q: How much money is in it? A: Ten banks and mortgage companies will pay $3.3 billion in cash to borrowers and […]