Foreclosure

When the news hit the other day of the blockbuster settlement for abuses in the foreclosure process, there may have been one brand you didn’t immediately recognize. Ally has really only been around since 2009, but there are already rumors swirling about its status.

The details of the settlement between the states and the banks are still being hashed out. But, if you want to know if you might qualify, we’ve got some information to get you started.

Reviewing the week's headlines on Wall Street. This week: The $25 billion foreclosure settlement agreement the government and five major banks agreed to yesterday.

Yesterday's $25 billion agreement between five big U.S. banks and state attorneys general could help some three million homeowners who owe more than their homes are currently worth.

The Obama administration and nearly every U.S. state are reportedly ready to settle for $26 billion with five of the country's largest banks over allegations of abusive foreclosure practices.

Today's $26 billion settlement between the government and five of the nation's biggest banks could free up the billions in mortgage securities they possess. But the settlement will also change many of the ways banks deal with foreclosures.

As states close in a settlement with big banks over alleged abusive home foreclosure practices, we break down how much each family will really get.

Federal and state authorities have reached an agreement with big banks on abusive foreclosure practices. What does this mean for states like Maryland?

Nearly all the states and the federal government, and five of the nation's largest banks, have reportedly reached a $25 billion settlement over abusive foreclosure practices. Around 750,000 victims of foreclosure fraud will get checks for just about $1,800.