Banks' $25B Reprieve Over Housing Crisis May Be Fleeting

Law360, New York (February 9, 2012, 9:35 PM EST) -- A $25 billion deal between the nation's five biggest mortgage servicers, the federal government and 49 states takes a chunk of high-stakes civil litigation off the table, but attorneys say the financial giants still face extensive suits over the housing meltdown even with the landmark agreement.

Industry giants Bank of America Corp., JPMorgan Chase Bank NA, Citigroup Inc., Wells Fargo Bank NA and Ally Financial Inc. agreed on Thursday to help millions of homeowners fleeced in the housing crunch with $20 billion in direct aid as...
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