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In the second-highest multi-state settlement in history, federal officials, attorneys general from 49 states, and the nation's five largest mortgage financiers have reached a settlement worth more than $25 billion for the American foreclosure crisis. The story: www.nytimes.com Add TDC to your circles on Google+ plus.google.com Join the conversation on Facebook www.facebook.com Follow The Daily Conversation on Twitter www.twitter.com

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Federal officials say the five largest mortgage lenders have reached a $25 billion settlement with 49 states over foreclosure abuses that took place after the housing bubble burst. (Feb. 9)

Mortgage Settlement

The government is close to reaching a $25 billion settlement with 5 major banks in a foreclosure probe.

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The proposed Obama Administration settlement for mortgage lenders that engaged in widespread foreclosure abuses is a weak slap on the wrist for banks according to consumer advocates and liberal activists. The Young Turks host Cenk Uygur explains. www.washingtonpost.com Feds Won't Prosecute Banks Despite Evidence Of Crimes: www.youtube.com Subscribe to The Young Turks: bit.ly Find out how to watch The Young Turks on Current by clicking here: www.current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com

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Jobs numbers have been released by the Bureau of Labor Statistics, and as we look back at what happened in the month of March, the figures are disappointing to say the least. Everyone's been asking how it is that we've been seeing the unemployment rate go lower, see businesses start hiring again and yet economic growth hasn't followed along. Alyona calls out the mainstream media for not covering new developments of foreclosure fraud. Twitter: twitter.com Facebook: www.facebook.com

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A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit. (Feb. 9)

Mortgage Settlement

The government announced a $26 billion settlement with banks over foreclosure abuse, while unveiling plans to use big banks over mortgage-related actions linked to the financial crisis. WSJ's David Reilly makes a stop on Mean Street to sort out the details.

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Jordan Estevao of National People's Action discusses the shortfalls of the foreclosure settlement announced on February 9, 2012, and what can be done to address the massive number of underwater mortgages and re-stabilize the housing market. For more information: npa-us.org

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www.business-foreclosure.com Foreclosure Scams If you're a struggling homeowner watch out! The chance that you'll get scammed is way up. The number of reported mortgage foreclosure scams has shot up 60 percent so far in 2012, according to the nonprofit Homeownership Preservation Foundation. About 50 percent of the scams involve attorneys or others claiming to offer "specialized services." The surge in schemes comes in the wake of recently launched federal programs that scammers have been able to exploit. "Regretfully, every new government initiative spawns a slew of foreclosure avoidance scams, often from the same cast of characters doing business under various names to avoid easy detection and identification," Colleen Hernandez CFO of the organization said in a release that accompanied the findings. In one recent example, New York Attorney General Eric Schneiderman has warned that scammers may exploit the recent national mortgage settlement to take advantage of homeowners. The scammers claim to be government officials involved in the settlement and try to pry personal financial information, Schneiderman said earlier this month. In another example, a judge shut down a Santa Ana mortgage relief operation last month after the band of five companies and three websites raked in more than $1 million by allegedly taking advantage of hundreds of consumers, according to the Los Angeles Times. The operation allegedly used two scams: One that charged homeowners thousands of dollars <b>...</b>

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You got Real Estate Investing Questions - I've got answers Click link and ask www.askpeterv.com?a_aid=4f3579fa1ca01 To Learn how Peter can Coach you to Real Estate Investing Success go to CoachingByPeter.com Real Estate Investment Fraud Foreclosure Settlement Filed With Courts CoachinByPeter.com are proud Co-Founders and "Certified Member of Coaching By Subject Experts Organization". Look at the organizations Co-Opt marketing model here. www.youtube.com The organization is issuing a call to action to appear on the Various News Channels.Reach thousands of new customers. Learn more here. www.youtube.com

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Dani Babb on Fox News Studio B February 7, 2012 talking about the impact of the bank foreclosure settlement on homeowners

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Critics also note that the settlement will apply only to privately held mortgages and not to those owned by mortgage giants Fannie Mae and Freddie Mac

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posted by www.OccupyYourForeclosure.com last week was the execution of a settlement between 5 major banks and attorney general of 49 states. In this Breaking Foreclosure News Report we will show the scheme that is behind that settlement which is actually a tool that the banks are using to protect themselves from the ROBO-SiGNING scandal. fallow our YouTube Chanel for other Foreclosure News and educational movies. also occupyYourForeclosure.com

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Nolan Klein discusses national foreclosure settlement on Channel 10 news

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Dr. Dani Babb on MSNBC on Feb 9, 2012 explaining why the foreclosure abuse settlement of $26 billion is good for banks, not for homeowners

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An interview with one of Southern California's leading loan modification and short sale experts concerning how underwater homeowners and those that were foreclosed recently, can benefit from the recent $26 billion foreclosure settlement.

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Press Conference Feb. 3, is the deadline for the now long awaited Attorney's General settlements on the ongoing foreclosure crisis. California AG Kamala Harris has announced that she will not be part of such settlement. We want to encourage her to remain strong and to do the right thing for all Californians. The State has been one of the hardest hit during the housing/foreclosure crisis. The crimes that the financial institutions have committed are massive and we want to make sure that our AG remains a leader in the fight against the abuses of those who created the crisis. First, we are demanding a moratorium on all foreclosures; second we want banks to be held accountable for what they created; and thirdly, we want the system to be corrected, to include those who are underwater in their mortgages by no fault of their own. Fourthly, we demand compensations to the millions of victims. If we do nothing, the crisis will only continue to hurt families. Please come and voice your support for a strong measure that will put an end to the crisis. We are also going to be rallying across the street in front of Wells Fargo to demand an end to all foreclosures!

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US States have finally reached a deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred back in 2008. The $25 billion settlement would reduce loans for nearly 1 million households and would send checks of $2000 to about a quarter of a million Americans who were improperly foreclosed upon. The five major banks involved in the settlement include Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and Ally Financial (NYSE:ALLY). The deal finally bookends the painful financial crisis that began back in 2008 when home values dropped and millions of homes were foreclosed upon, with many of the aforementioned companies processing the foreclosures without verifying documents. This was done through automated fake signatures known as robo-signing. Under the deal, all US states but Oklahoma will receive money and will not pursue civil charges against the lenders. However, homeowners can still bring up their own lawsuits as well as federal and state authorities pursing criminal charges.

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www.LasVegas2Sell.com 25 billion Foreclosure Settlement

Real Estate Foreclosure Settlement Las Vegas

From the Majority Report, live MF 11:30am EST and via daily podcast at Majority.FM Looking deeper into the mortgage fraud settlement reveals just exactly what the banks get out of it...

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