Bank Settlement Could Spur More Foreclosures | WAMU 88.5 - American University Radio

Bank Settlement Could Spur More Foreclosures

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The multi-billion dollar bank mortgage settlement could have some unanticipated consequences for borrowers in trouble. There will likely be an initial surge of foreclosures. Banks, freed from uncertainty over the investigation, will probably pick up the pace of home seizures. But the foreclosure rate will probably fall over the longer term as banks ease the burden on borrowers through principal reductions.
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