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Five U.S. banks agree on $25 billion mortgage settlement | |
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February 09, 2012 Five U.S. banks will pay more than $25 billion in the biggest civil settlement involving states and the federal government to end a probe of abusive foreclosure practices stemming from the collapse of the housing bubble. The U.S. Justice Department and Department of Housing and Urban Development announced the resolution of the 16-month nationwide state and federal probe today. Source: http://dailyherald.com/article/20120209/business/702099920/ |
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