Tuesday, February 7, 2012

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)

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