Naaaah this can not be true.

http://latimesblogs.latimes.com/money_co/2011/03/mortgage-foreclosure-settlement-paperwork-richard-shelby-elizabeth-warren-consumer-financial-protect.html

an excerpt:

"Under the guise of helping homeowners hurt by improper foreclosures, regulators are attempting to extract a staggering payment of nearly $30 billion for unspecified conduct. The $30 billion would most likely fund a new slate of housing programs long sought by the administration, but previously rejected by Congress."