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    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

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Mass. foreclosure activity continues to fall

foreclosed home

Foreclosure activity in Massachusetts continued to fall last month, with 247 foreclosure deeds recorded locally in September. This is a 52% drop from year ago levels, the Boston Globe reported.

“The foreclosure numbers in September and the third quarter further bolster the opinion that foreclosures are in full retreat due to a booming real estate market and government programs designed to assist homeowners who are delinquent on their mortgages,” Warren Group chief executive Timothy M. Warren Jr. said in a statement. “It’s been a solid year of foreclosure decreases, indicating the worst of the housing crisis is over.”

Source: Boston Globe
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