Low interest rates ahoy!
Connected to the mortgage bubble
Following decline in loan portfolio
To make them honor commitments
Includes 3.7 million mortgages
Program has helped far fewer people than predicted
Who are these poor who dare to sue?
What could go wrong?
Why did they even bother?
Up to 220,000 borrowers affected
Deal worth $450 million
Agreement totals $417 million
It's just as well. How California is spending its portion of the money is slightly better than what Harris wanted.