National Mortgage Settlement Hints at a Solution for States
The recent $25 billion National Mortgage Settlement, an historic joint agreement between 49 states along with the federal government and the nation’s five largest loan servicers may seem insignificant in the context of the $10 trillion dollar U.S. mortgage market. But when you consider the astonishing political diversity of the 49 state attorneys general involved in these negotiations, in light of the awesome loan servicing might of the largest banks, the settlement hints at a much larger possible impact.
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