DLLR

8-7-12: It's the Principal of the Thing

Wells Fargo recently settled claims that it discriminated against African-American and Hispanic borrowers by steering them to subprime loans.

Sheilah talks to Anne Balcer Norton about a provision of the settlement that requires servicers to simplify their process by allowing borrowers to keep a single point of contact, and about the potential for scams surrounding the money that the settlement makes available to distressed borrowers.