BUSINESS
01/11/2013 08:52 am ET Updated Mar 13, 2013

REVEALED: The Secret Behind A $8.5 Billion Foreclosure Settlement

Federal banking regulators are trumpeting an $8.5 billion settlement this week with 10 banks as quick justice for aggrieved homeowners, but the deal is actually a way to quietly paper over a deeply flawed review of foreclosed loans across America, according to current and former regulators and consultants.

Read more on The New York Times