The nation's five largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008. So what does this mean for you? Find out inside.
Federal officials say the five largest mortgage lenders have reached a $25 billion settlement with 49 states over foreclosure abuses that took place after the housing bubble burst.
Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say.
Business Headlines
About 12.8 million people are out of work and what's especially troubling, according to Federal Reserve Chairman Ben Bernanke, is the large number of long-term unemployed - more than 40 percent have been jobless more than six months.
The budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue.
Personal Finance
Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend school.
John Matarese has a cautionary tale for anyone going to an inexpensive tax preparation service.
It's tax time again and we're on your side to help with any tax questions you may have.
Angie's List
John Matarese has a florist's secret for keeping those Valentine's Day flowers fresh longer
John Matarese reports on signs your car may have a problem, especially during this wet winter that has been rough on cars.