UNL Student Government Passes SJP-Backed Israel Divestment Resolution
How Long Can America Go on Like This?
Intrusive Bankers and Government Overreach
Trump’s America First Dealmaking on AI Export Controls
Washington Post Layoffs Mark Long-Awaited Decline of Regime Media
Biology and Common Sense Triumph Over Radical Transgender Ideology
Respect the Badge. Enforce the Law but Fix the System.
In the Super Bowl of Drug Ads, Trump’s FDA Plays the Long Game...
From Open Borders to Ruinous Powderkegs
New Musical Remakes Anne Frank As a Genderqueer Hip-Hop Star
Toledo Man Indicted for Threatening to Kill Vice President JD Vance During Ohio...
Fort Lauderdale Financial Advisor Sentenced to 20 Years for $94M International Ponzi Schem...
FCC Is Reportedly Investigating The View
Illegal Immigrant Allegedly Used Stolen Identity to Vote and Collect $400K in Federal...
$26 Billion Gone: Stellantis Joins Automakers Retreating From EVs
OPINION

Rage grows over mortgage deal

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

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.

Advertisement

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.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement