| Feb 9, 2012 9:06AM " House lock " is not a major factor when it comes to a homeowner's ability to find a job. A working paper commissioned by the Federal Reserve Bank of Boston found that, while many Americans lack mobility because their homes are "underwater" in respect to their mortgages, this is only a marginal contributing factor to continued unemployment. Migration across states and among homeowners has fallen sharply at the same time as a widespread drop in housing prices has resulted in wide-spread negative... Feb 9, 2012 11:51AM A final settlement between the nation's five largest mortgage servicers , two federal agencies and 49 of the states' attorneys general (AGs) was announced this morning by officials representing the AGs, the Departments of Justice (DOJ) and Housing and Urban Development (HUD). The settlement, the result of a 16 month nationwide investigation into foreclosure abuses, fraud, and unacceptable mortgage servicing practices is, as anticipated, for $25 billion dollars but there was no information released...
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