Mortgage Settlement

• Feb 6 (Reuters) - A proposed mortgage settlement in the works for more than a year will move forward with more than 40 states joining the deal before a Monday deadline, Iowa Attorney General Tom Miller said in a statement.
(Reuters UK)
• (Reuters) - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
(msnbc.com)
• WASHINGTON -- California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses.
(Huffington Post)
• However, Schneiderman said Jan. 27 that the liability releases in the draft settlement had become narrow enough so that a full investigation by a new mortgage crisis unit that he will help lead could move forward.
(CNBC)
• States have until close of business Monday to sign on to a settlement that would help underwater homeowners. If states agree to the deal, it could mean a settlement of up to $25 billion.
(NPR News)
• Feb. 6 (Bloomberg) -- More than 40 states have signed on to a settlement over mortgage-servicing practices as federal and state officials continue to discuss matters with the five banks involved in the talks, Iowas attorney general said.
(BusinessWeek)
• The sweeping 50-state foreclosure settlement being pushed by the Obama administration The money would come in the form of cash penalties plus guarantees of mortgage modifications.
(New York Post)
• Nevadas attorney general said Monday shes still studying a multi-state settlement over foreclosure abuses and isnt ready to sign on to a deal that would require the nations five largest mortgage lenders to reduce loans for about 1 million borrowers.
(Las Vegas Sun)