From The News Journal:

A U.S. representative from Pennsylvania stood up for Delawareans when he blasted the federal government for not spending the $36 billion in settlements with the nation’s largest banks on victims of foreclosure.

During a House Judiciary Committee hearing Thursday in Washington, Rep. Tom Marino, R-Pa., cited a News Journal article’s findings that most of the 32,000 Delaware families who lost their homes to foreclosure have seen little to no money from the nationwide deals. The settlements are from shoddy lending practices and high-risk mortgage products that fueled the 2008 financial meltdown.

“It is a cruel irony that those who lost the most to the foreclosure crisis seem to be helped the least from the Department of Justice’s settlement,” said Marino, chair of the House Judiciary’s Regulatory Reform, Commercial and Antitrust Law subcommittee.

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