Deadline for States to Accept Foreclosure Deal With Banks Moved to Feb. 6

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Deadline for States to Accept Foreclosure Deal With Banks Moved to Feb. 6

Deadline for States to Accept Foreclosure Deal With Banks Moved to Feb. 6

Delaware Attorney General Beau Biden has said he won’t sign on to the settlement and Nevada AG Masto wants her 38 questions answered and CA AG Kamala D. Harris said thanks but she isn’t signing either!


Bloomberg-

The deadline for states to decide whether to join a proposed nationwide foreclosure settlement with banks was postponed to Feb. 6 from Feb. 3, according to the Iowa Attorney General’s Office.

States were given more time to evaluate the proposal, which may total $25 billion, after at least one asked for a delay, Geoff Greenwood, a spokesman for Iowa Attorney General Tom Miller, said today in a phone interview. Miller is helping to lead negotiations.

State and federal officials have been negotiating an agreement with mortgage servicers that would provide mortgage relief to homeowners and set requirements for how banks conduct foreclosures.

[BLOOMBERG]

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