News Alert: Officials set to announce landmark foreclosure fraud settlement

	Thursday, February 9, 2012 9:06:45 AM NEWS ALERT Officials set to announce landmark foreclosure fraud settlement State and federal officials on Thursday will announce a landmark settlement with five of the nation's banks over their flawed and fraudulent foreclosure practices. The deal, which officially will be unveiled at a 10 a.m. Department of Justice news conference, aims to help troubled borrowers by reducing the amount they owe on their mortgages, lowering their interest rates and paying restitution to homeowners who suffered mortgage-related abuses. Read more at: http://www.washingtonpost.com/business/economy/bank-foreclosure-fraud-settlement-said-near/2012/02/08/gIQAXHAA0Q_story.html Or visit washingtonpost.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy