Topic: Nationalmortgagesettlement Com

The $26 billion National Mortgage Settlement is examined, with the hosts noting that most of the money goes to state attorney generals rather than homeowners. They highlight that the settlement actually provides a 328-page rulebook for banks to resume foreclosures, including a 5% allowed margin of error for mistakes.

The Obama administration's $26 billion mortgage settlement is analyzed as a potential scam. The hosts point out that no deal has actually been signed and that the requirements for relief—such as never having missed a payment—exclude the vast majority of struggling homeowners.