As more details emerge about the massive $26 billion foreclosure settlement between the five biggest mortgage lenders and the states' attorneys general, a growing number of borrowers are realizing that the deal will do little, if anything, to help them out.
Proponents of the settlement deal tout that roughly 1 million homeowners who owe more on their homes than their homes are worth are expected to have their mortgage balances lowered through principal reductions and another 750,000 would be able to refinance into loans with lower interest rates.
However, that's only a fraction of the 11 million homeowners who are currently underwater on their homes, according CoreLogic. And it's also a mere sliver of the 3.5 million people who lost their homes to foreclosure over the past four years.
Matt Vespa - PBS Ombudsman: Gwen Ifill's ‘Take That, Bibi’ Tweet About Iran Deal Was 'Inexcusable'
CNN: Aide’s Fifth Amendment declaration sure makes the Hillary server fiasco look criminal, huh? - Hot Air
'Oops': Former Obama adviser Dan Pfeiffer's attempt to mock Mitt Romney backfires
Obama's Special Assistant Resigns After Being Charged For Shooting At Police Officer - Bearing Arms - Barack Obama, Barvetta Singletary, Crime, Maryland
How to Write a New York Times Op-Ed in Three Easy Steps | Human Events
Daniel J. Mitchell - Redistribution Is Morally Dubious, Economically Harmful, and It Doesn’t Work
A Nation of Laws No More | RedState