PBS NewsHour

Major Banks to Pay $8.5 Billion in Settlement Over Housing

Clip: 01/07/2013 | 9m 11s

Ten major banks in the U.S. have agreed to $8.5 billion for wrongful foreclosures on homeowners during 2009 and 2010 at the height of the housing crisis. Margaret Warner talks to Guy Cecala of Inside Mortgage Finance and Diane Thomson of the National Consumer Law Center about the improper foreclosures and who will get the money.

Aired: 01/07/13

Rating: NR

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