Foreclosure Deal Gives Banks Credit For Things They Were Already Doing

03/28/2012 11:19 am ET
  • SHAILA DEWAN and JESSICA SILVER-GREENBERG The New York Times

In February, JPMorgan Chase donated a home to an Iraq war veteran in Bucoda, Wash., and Bank of America waived the $140,000 debt that a Florida man still owed after the sale of his foreclosed home. Over the last year, Wells Fargo has demolished about a dozen houses in Cleveland.

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