The story of how one woman went from a three-bedroom home to a tent is the story of how America ended up in a foreclosure crisis that still drags down the economy. by Paul Kiel April 10, 2012, 4 a.

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Results of the Foreclosure Crisis. In addition, the settlement required an overhaul of the loan servicing systems overseen by the banks. Borrowers who lost homes due to foreclosure by these banks in states party to the settlement agreement became eligible for payments of approximately $1,480. The total settlement payout amounted to roughly $1.5 billion.

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The Kamels, like others, have discovered the darker flip side of the mortgage crisis: some of the housing relief agencies funded by billions in taxpayer dollars to ease the millions of foreclosures in the US have fallen behind on the task, proving themselves no match for the persistence and legal power of banks intent on collecting fees and racking up foreclosures.

The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks, including Bank of America, JP Morgan, Wells Fargo, and Citigroup.

Possible Solutions to the Foreclosure Crisis Essay 1179 Words 5 Pages The purpose of this writing is to analyze the foreclosure crisis and offer some solutions to keep people in their homes and satisfy the financial accounting records of the banking industry.

Thousands of NYC students are expected to skip school Friday and march from Foley Square to Battery Park to demand immediate.

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You can help. The more you know about the crisis, the more we can do together to help those in need. The lifesaving work we do, empowering people to survive through crisis and build better lives, is only possible with your knowledge and support. Sign a petition: Tell Congress to support aid for refugees