Settlement Expected on Past Abuses in Home Loans

http://www.nytimes.com/2012/12/31/business/settlement-expected-with-banks-over-home-loans.html?_r=1&adxnnl=1&adxnnlx=1356959217-SYS+6kYT7IzMhAZNilJSXA

Under the settlement, a significant amount of the money, $3.75 billion, would go to people who have already lost their homes, making it potentially more generous to former homeowners than a broad-reaching pact in February between state attorneys general and five large banks. That set aside $1.5 billion in cash relief for Americans.

Most of the relief in both agreements is meant for people who are struggling to stay in their homes and need the banks to reduce their payments or lower the amount of principal they owe.