- Feb. (Businessweek)
- As early as Thursday the government is expected to announce a roughly $25 billion deal with some of the nations largest banks to settle charges of systemic and widespread mortgage fraud, according to multiple sources close to the negotiations. (Huffington Post)
- Look for a final announcement Thursday or Friday on a national foreclosure settlement that includes almost all the states and involves five major financial institutions. (Detroit Free Press)
- Feb. 8 (Bloomberg) -- California, New York, Nevada, Florida and Massachusetts are among the states that haven't signed off on a settlement with banks over foreclosure abuses, according to state officials and two people familiar with the talks. (Businessweek)
- The foreclosure mess and multibillion-dollar settlement, expected as soon as Thursday morning, unfolded over a year of tussles among banks, federal officials and attorneys general. (Wall Street Journal)
- As of Monday, more than 40 states had signed on to the deal. The addition of California, the state with the most foreclosures, means the settlement is more likely to hit the $25 billion mark that has long been reported as the expected total. (USA Today)
- A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter describing the deal. (Bloomberg)
- A settlement would enable both the administration and various preserved regulators' and prosecutors' ability to use facts assembled from foreclosure-related probes in their securitisation investigations. (Financial Times)
Thursday, February 9, 2012
Foreclosure settlement
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