The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were improperly handled following the housing collapse, according to a consent decree issued Wednesday by the Office of the Comptroller of the…

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Banks Must Repay Homeowners

Back in September, Gov. Rick Perry (R-TX) guessed that his state was facing a $10-11 billion budget shortfall for its fiscal 2012-2013 budget, and refused to entertain reports that his budget gap might be larger until he received the state Comptroller’s official report. He even poo-pooed pronouncements from his 2010 election opponent, Houston Mayor Bill White, that Texas’ deficit may be twice what he was estimating. read more

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After Lecturing DC on His "Prudent Fiscal Decisions," Perry’s Deficit More Than Twice What He Thought