Who would have expected this reaction? The head of the American Bankers Association is disappointed and dismayed by the about-face Citigroup chairman emeritus Sandy Weill has done on breaking up the nation’s big banks. Push the pause button on such thinking, Frank Keating, ABA president & CEO, urges. Weill, often described as godfather to the [...]
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Attorney general creates foreclosure prevention group
July 16, 2012
Attorney General Jim Hood has announced the creation of the “Mississippi Foreclosure Prevention Consortium” to assist homeowners who are struggling as a result of the foreclosure crisis. “The consortium was created through funding from the National Mortgage Settlement that was entered into earlier this year with the nation’s five largest mortgage servicers,” the General Hood’s office. [...]
Some states to use foreclosure settlement money to patch budgets
February 16, 2012
Seeing a chance to plug budget holes in their states, three governors are laying claim to portions of a recent $25 billion mortgage foreclosure settlement to be paid by five of the nation’s largest banks. Where authority for use of the money rests is not entirely clear. Some media reports say U.S., Attorney General Eric [...]
July 27, 2012
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