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Victims Of Foreclosure Abuses Face Another Woe: Bounced Checks

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Relief checks issued as part of a multibillion-dollar settlement over foreclosure abuses have bounced, an unfortunate twist for consumers who have already been caught up in problems over reviews of troubled mortgage loans.

Months after brokering a $9.3 billion settlement with the nation’s biggest banks, the Federal Reserve and the Office of the Comptroller of the Currency announced last week that 1.4 million checks would be sent out to struggling homeowners, many of whom have been languishing for two years without assistance.

Luckily the billions of dollars given to the bankers hasn't bounced. Only cheques to proles bounce.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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