Quote:
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The settlement is worth $25 billion, a sum which will be distributed to homeowners who were wrongfully foreclosed on as well as those who remain underwater. In addition, banks could still face future legal action over 12 specific violations.
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I trust this was a misprint. Why would people who are simply underwater receive anything? I understand those who were wrongfully foreclosed on. Surely they meant those underwater who ALSO were somehow wronged by their lender.