. >> deal might also be good for una palmer. for two years, she has been fighting pho reduce her loan and the settlement gives her hope she can win. >> in exchange for the money, the banks will be cleared of state charges of mortgage fraud and misconduct. when the pangs foreclosed on some 4 million homes, they engaged in the mass forgery of documents. to falsely claim they own the mortgages on homes they wanted to sell off. >> some of them didn't read what they were signing at all. that's your claim on the american dream. and coopt take enough time to make sure that the gore clough sure was legitimate. >> despite the $25 billion in this settlement, there are weaknesses to the deal that everyone admits. it only applies to loans that the banks hold themselves and not to loans held by fanny may or freddie mac. roughly 1 million homeowners will be helped when 11 million mortgages are in trouble. then there's that $1500 payment to the victims of improper foreclosures. for jesse who lost his home as he applied to refinance, $1500 is n

. >> the deal might also be good for una palmer. for two years she's been fighting to reduce her loan with bank of america. the settlement gives her hope see can win. >> one day you'll get up off your knees. that's where i am. >> in exchange for the money, the banks will be cleared of state charges of mortgage fraud and misconduct. when the banks foreclosed on some four million homes, they engaged in the mass forgery of documents called robo signing to falsely claim they owned the mortgages on homes they wanted to sell off. >> some of them didn't read what they were signing at all. that's your stake, your claim on the american dream. and the person signing the document couldn't take enough time to even make sure that the foreclosure was legitimate. >> despite the $25 billion in this settlement, there are weaknesses to the deal that everyone admits. it only applies to loans that the banks hold themselves and not to loans held by fannie mae or freddie mac. roughly one million homeowners will be helped when almost 11 million mortgages

. >> reporter: the deal might also be good for una palmer. for two years, she said, she's been fighting to reduce her loan with bank of america and the settlement gives her hope she can win. >> one day you get up off your knees. that's where i am, up off my knees. >> reporter: in exchange for the money, the banks will be cleared of state charges of mortgage fraud and misconduct. when the banks foreclosed on some four million homes, they engaged in the mass forgery of documents called robo signing to falsely claim they owned the mortgages on homes they wanted to sell off. >> some of them didn't read what they were signing at all. that's your stake, your claim on the american dream, and the person signing the document couldn't take enough time to even make sure that the foreclosure was legitimate. >> reporter: despite the $25 billion in this settlement, there are weaknesses to the deal that everyone admits. it only applies to loans that the banks hold themselves and not to loans held by fannie mae or freddie mac. roughly 1 million homeowners wi