Fed-foreclosed borrowers had problems cashing settlement checks

... have already cashed or deposited checks related to the agreement reached by federal bank regulatory agencies and 13 mortgage servicers, the Fed said. Some 4.2 million borrowers are eligible to receive payments. "The Board will continue to monitor ...

http://www.reuters.com/article/2013/04/17/usa-banks-foreclosure-settlement-idUSL2N0D40QA20130417?feedType=RSS&feedName=bondsNews