Homeowners who lost their homes to foreclosure may need to commit perjury to get restitution payments through the settlement. That would be the deepest kind of insult on injury.
States recently received $2.5 billion from the major banks for foreclosure prevention and related help for homeowners. But much of that is not being used for those purposes.
The state with the highest foreclosure rate, Arizona, is being sued for violating the settlement's federal consent judgment by not using the funds for helping homeowners.
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