Bank Foreclosure Settlement Money Should Be Used to Help Homeowners
Earlier this year, state and federal law enforcement officials negotiated a historic legal settlement with the Big Banks that had abused the rights of homeowners during the foreclosure crisis. As part of this settlement, the Big Banks agreed to pay $2.5 billion in penalties to the states for programs to help prevent foreclosures.
Sadly, in many states these funds are now at risk of being diverted away from helping struggling homeowners.
