President Barack Obama is expected to discuss a recently reached housing settlement between banks and foreclosure victims during an address at the White House at 12:15 p.m. EST.
The settlement is expected to total roughly $26 billion, will be paid out to settle charges of systemic and widespread mortgage fraud, multiple sources close to the negotiations told The Huffington Post.
The Huffington Post's Loren Berlin reports on the details of the foreclosure settlement:
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