Money Manager: Relief for struggling homeowners

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by ERIC AMADO

WFAA contributor

Posted on February 11, 2012 at 10:53 AM

Updated Wednesday, Dec 4 at 5:55 PM

Homeowners may be getting some relief soon due to a record-breaking settlement announcement between big banks and the government. This is due to the massive $26 billion mortgage fraud settlement announced this week.

Five of the nations biggest U.S. banks promised to end harmful practices that led to botched loan modifications, wrongful foreclosures and unnecessary fees imposed on struggling borrowers.

Here to discuss all this in more detail is our financial analyst Eric Amado.

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