One Media Campaign Against Trump Appears to Have Failed Spectacularly
MSNBC Host Tests New Talking Point to Prepare for Biden’s Possible Obliteration in...
CNN Steps on a Rake With This Segment About Trump Supporters
Why Everyone in the Biden White House Needs to Be Drug Tested
Epic Government Incompetence
Red Sky Mourning by Jack Carr — A Masterful Blend of Espionage, Action...
Germans -- Even During the Hitler Era -- Were a Better People Than...
Mike Rowe Gives Us Something to Stand For
Some 40 Years Later: A Nation STILL at Risk
From Great Orators to Gobbledygook
Former Harris Aide Identifies the One Republican She Believes Would Be the ‘Greatest...
One State Is Taking Action Against Pfizer Over COVID-19 Vaccine
Biden Announces 'Mass Amnesty' for Hundreds of Thousands of Illegal Immigrants
Some Thoughts on the Upcoming Debate
Medicare's Drug Price Program Needs to Protect Patients—and Doctors Can Help
OPINION

Rage grows over mortgage deal

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

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