Talking Points Memo: Gov. Scott Walker To Use Foreclosure Settlement Money To Balance His Budget, Not Help Homeowners
-By Pat Garofalo
February 10, 2012- Yesterday, 49 states joined the federal government in announcing a $26 billion settlement with five of the nation’s biggest banks over the banks’ foreclosure fraud abuses. The money from the settlement is meant to aid homeowners who lost their homes to foreclosure or who find themselves underwater, meaning they owe more on their mortgage than their home is currently worth.