VIDEO
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by
IBTimesTV
U.S Reaches $26 Billion Mortgage Settlement With Top Banks
VIDEO DESCRIPTION:
Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners.
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The banks involved in the deal are Bank of America Corp, Wells Fargo & Co, JPMorgan Chase & Co, Citigroup Inc, and Ally Financial Inc. California and New York's state attorney generals had resisted the deal, but eventually joined, boosting the settlement amount from around $19 billion to $26 billion.
Posted: 02/09/2012
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Views: 8,734
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Duration: 02:44
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