After a year of negotiations, states, federal regulators and five of the biggest lenders have reached a $25 billion settlement to change foreclosure practices. The goal of the settlement is to impose new restrictions on banks and to fund loan modifications for homeowners. Backers hope the agreement will also help stabilize the housing market.
The Wenatchee World, By Chief Justice Barbara Madsen and Superior Court Judge Lesley Allan
The Great Recession of 2011 has dramatically increased the demand for civil justice for the most vulnerable people in our community. The number of people seeking assistance with cases involving family safety, shelter preservation, predatory lending and access to basic services has grown to unprecedented levels. At the same time, legal aid resources have steadily decreased.