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Today’s Money: Details on the Mortgage Settlement

On Monday, ten major mortgage companies agreed on an $8.5 billion mortgage settlement, in response to claims of bad foreclosure practices. As I told Savannah Guthrie on the TODAY show this morning, money from the settlement is specifically for people who had foreclosure proceedings from 2009 to 2010 that were wrongly handled. So will this new settlement benefit you? Find out in the video clip below.


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