© 2025 WEKU
NPR for Northern, Central and Eastern Kentucky
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Join WEKU's 1850 campaign for the future! 1,850 new supporters, each giving $10 monthly to keep WEKU strong. Update: 1,620 supporters to reach the goal! Click here to support WEKU!

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.

WEKU depends on support from those who view and listen to our content. There's no paywall here. Please support WEKU with your donation.
Related Content