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IPFS News Link • Housing

States Negotiate $25 Billion Deal for Homeowners

• New York Times
After months of painstaking talks, the nation’s biggest banks have agreed to a $25 billion settlement that could provide relief to more than two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said. It is part of a broad government settlement aimed at halting the housing market’s downward slide.