Transcribed
The 2012 Mortgage Settlement
THE 2012 MORTGAGE SETTLEMENT ONE DROP INA LARGE BUCKET NEGATIVE EQUITY MORTGAGE ON AMHERICAN SETTLEMENT HOMES EFFECT +100 $5 B CASH FROM BIG BANKS BILLIONS OF DOLLARS $17 B PRINCIPAL REDUCTION -100 -300 -500 -700 $700 B NUMBER OF HOMES 11 MIL. UNDERWATER: BANK PAYMENT PER HOMEOWNER: $2,000 PERCENTAGE OF PRINCIPAL REDUCED: $2.4% united re:public SOURCE: NEW YORK TIMES
The 2012 Mortgage Settlement
shared by JLMC on Jun 26
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The 2012 settlement with banks was supposed to provide relief for Americans with underwater home mortgages. After Iowa Attorney General Tom Miller (D) was announced as the lead negotiator, he received...
88 times more political donations. The deal he negotiated asked banks to help fix the problem, through principal reductions and cash payments, but it was only a drop in the bucket.
Designer
Jasper McChesneySource
http://www.r...ettlement/Category
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