AOL.com Video - U.S Reaches $26 Billion Mortgage Settlement With Top Banks

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U.S Reaches $26 Billion Mortgage Settlement With Top Banks

Description:Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners. The banks involved in the deal are Bank of America Corp, Wells Fargo & Co, JPMorgan Chase & Co, Citigroup Inc, and Ally Financial Inc. California and New York's state attorney generals had resisted the deal, but eventually joined, boosting the settlement amount from around $19 billion to $26 billion. (2:44)

Source: IBTimesTV

Tags: ibtimestv , bank of america corp , banks settlement , foreclosure