Finance Homeowners

$8.5 Billion Deal Reached on Wrongful Foreclosures

Ten major mortgage companies, including JPMorgan Chase, Bank of America and Wells Fargo, have agreed to pay $8.5 billion to settle federal complaints involving wrongful foreclosure actions against homeowners in 2009 and 2010.

Homesteads High on Tax Shelter Lists

The homestead credit caps the amount a homeowner's taxes can go up each year; the law was changed in Maryland five years to weed out people who were improperly getting the credit, perhaps on second homes or rental properties.

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