Analysis: Banks largely reserved for U.S. mortgage pact cost
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines. ...
Read more...
Foreclosure deal close in several key states
Foreclosure deal adopted in more than 40 US states would force mortgage lenders to reduce loans for about 1 million households. Two key states, New York and California, are close to adopting the foreclosure deal.
Read more...
Calif. and NY considering foreclosure-abuse deal
California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage ...
Read more...
Foreclosure Deal Deadline Arrives as States Consider Releases
States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they’ll give up.
Read more...
Foreclosure settlement with states may be near
Dozens of states meet deadline to join mortgage deal From the Wall Street Journal: As the deadline arrives today, federal and state officials are hopeful they can to wrap up a multibillion-dollar agreement with five major banks to settle probes of alleged foreclosure abuses.
Read more...
|