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February 14th, 2012 
FAKE NEWS for the Zionist agenda
The $25 billion settlement with banks over foreclosure abuses may
result in a wave of home seizures, inflicting short-term pain on
delinquent U.S. borrowers while making a long-term housing recovery more
likely.
Lenders slowed the pace of foreclosures as they negotiated with attorneys general
in all 50 states for more than a year over allegations of faulty and
fraudulent paperwork used to repossess homes. With yesterday’s
agreement, banks are likely to resume property seizures.
“The best thing about the settlement, frankly, is that it will be done,” said Stan Humphries, chief economist for Seattle-based Zillow Inc. (Z), a provider of home-sales data. “The shadow of the settlement hung over the market for a year now.”
The backlog of foreclosures has trapped homeowners in properties they
can no longer afford, depressed neighborhood prices by increasing the
number of abandoned homes and led banks to tighten mortgage credit
standards because of uncertainty about the cost of their potential
obligations.
Foreclosure starts fell 46 percent in December from October
2010, when the investigation into the so-called robo-signing of
mortgage documentation began, according to Irvine, California-based
RealtyTrac Inc.
Full article HERE
Source: Bloomberg
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