Thursday, February 9, 2012

Foreclosure settlement

  • Feb.
  • (Businessweek)
  • WASHINGTON -- Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say.
  • (Abc Local Web)
  • 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)
  • 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)
  • 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 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)
  • Michigan is joining 40 other states in a multibillion-dollar settlement with five of the country's largest banks and mortgage services. A final agreement is expected later this week, according to a spokesperson for the Michigan attorney general.
  • (Lansing State Journal)
  • Massachusetts Attorney General Martha Coakley is expected to sign on to a settlement brokered by attorneys general nationwide with five major U.S.
  • (The Business Journal)

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