Banks, Officials Near Pact on Foreclosures


Banks, Officials Near Pact on Foreclosures

Banks, Officials Near Pact on Foreclosures

Planned…just in time for the Holidays around the corner!

Here’s hoping you forget when you get back from celebrating!



Five large lenders could be forced to make concessions worth roughly $19 billion as bank representatives and government officials push to put the finishing touches on a settlement of most state and federal investigations of alleged foreclosure improprieties.

Housing and Urban Development Secretary Shaun Donovan and state officials hope to reach a deal as soon as this week, though any agreement could be delayed by unresolved issues including the naming of a monitor to oversee the agreement.

The settlement would end months-long negotiations among federal officials, state attorneys general and the nation’s five largest mortgage servicers: Ally Financial Inc., Bank …


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2 Responses to “Banks, Officials Near Pact on Foreclosures”

  1. keepon says:

    Is this the height of poor judgment? They’re going to sneak out their trifling 19 billion settlement under cover of the High Holy Days and all go home to celebrate in THEIR warm cozy homes with their families. Guess they’ve been too hold up to read of the other agencies that declared moratoria for the holidays. Must’ve figured we’d all be too ‘otherwise occupied’ than to occupy them.

  2. lou siller says:

    judge rakoff or judgs schack or an unknown judge made of the same stuff (honesty)will be the key ingrediant in the attorney generals vs servicers settlement!!


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