Deal Reached in Foreclosure Mess

Another deal’s been reached related to the foreclosure mess. It seems that homeowners who were rushed to foreclosure improperly will get the biggest payout, up to $125,000, depending on the errors they encountered. The $8.5 billion deal, reached between 10 mortgage servicers and the Office of the Comptroller of the Currency (OCC) and the Federal Reserve, effectively ends a government-mandated program that examined banks’ foreclosure documents for abuses at the height of the housing crisis. You may remember it as the …