Even More Banks Agree To Settlements ($557,000,000.00) On Their Foreclosure Fraud – What Swell Fellows These Banks Are! That Bumps The Swell Bank Settlement Total Over $9,000,000,000.00
Tags: Ain't that sumptin
2 Banks to Pay $557 Million in Foreclosure Settlement
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
The agreements announced Wednesday with the Federal Reserve were similar to deals this month with 10 other major banks and mortgage lenders. Combined, the 12 firms will pay more than $9 billion.