Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Banks Called On To Distribute Foreclosure Settlement

RENEE MONTAGNE, HOST:

NPR's business news starts with an unlikely call for assistance.

(SOUNDBITE OF MUSIC)

MONTAGNE: The federal government needs help as it tries to distribute billions of dollars to struggling homeowners in foreclosure. The money is from that recent settlement with big banks over their questionable foreclosure practices. And as the New York Times reports, it's the banks themselves that are being asked to dole out the cash to homeowners. Regulators think having the banks do it could help speed up the process. But The Times says housing advocates worry the banks will take shortcuts. Transcript provided by NPR, Copyright NPR.

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.