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The big U.S. banks fear new negative headlines about illegal foreclosures. Now they meet dispossessed homeowners: a comparison to her. But when this comes about and how it will look like is still unclear.

NEW YORK. The U.S. banking industry has been lost in the mortgage scandal of the fighting courage. Wall Street is now looking into the controversy over possible illegal foreclosures of houses with the Attorneys General of 50 states to an out of court settlement. “It is in everyone’s interest to enter into a settlement and bring the matter behind us,” said Brian Moynihan, head of the largest U.S. institution Bank of America, beginning of the week at an investor conference. Moynihan and others had with the announcement of the scandal a few weeks tinted, they would not back down and fight each case individually.

Background of allegations that large banks would have people with the false claim that they would no longer pay their mortgages, thrown out of their homes. According to the prosecutors suspected that institutions could not cleanly demonstrate and prove in some cases, could not they have the mortgage at all. In the real estate boom until 2007, bought mortgages from banks and packaged in structured notes were resold. Because of the complexity of the process and because it has now been taken over a number of institutions that appears in many cases, the documentation of cases without difficulty. Banks emphasized previously that the case raised individual cases. Banks react to the fear of their shareholders from expensive processes.

Investors are already taking a detour around this section

The reversal of the Institute is no accident. In the next few weeks are at parliamentary hearings on the issue, which should again make the headlines and put pressure on the share prices of banks. Investors have shunned financial papers in recent weeks for fear of lengthy and expensive processes. Analysts estimate that the scandal could force institutions to buy back mortgages. The costs are estimated at up to 190 billion dollars.

Remains to be seen when it come to a settlement and what it will cost the banks. According to media reports that should take at least a month until an agreement is reached. The aim of the prosecutors, it is obvious that the banks pay into a fund that will receive from the financially troubled homeowner assistance. Same time, the institutes are committed to give borrowers more time to pay more than before their obligations. Not affected by a comparison, however, were private legal matters between homeowners and their banks.