The agency won’t keep renewing programs like HARP without an end, even if the program is extended again before its December expiration date.
The old catch phrase, "The check is in the mail," couldn't ring truer for the more than 23,000 borrowers it forgot to pay after wrongfully foreclosing on their homes.
The decision is likely to resolve one of the second-largest U.S. bank's last and largest legal liabilities related to the financial crisis.
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