Foreclosure FRAUD deal faces setbacks, again

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FORECLOSURE FRAUD deal faces setbacks, again

FORECLOSURE FRAUD deal faces setbacks, again

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.

States had been given two weeks to assess a proposed settlement, under which top U.S. banks would pay up to $25 billion in exchange for resolving civil government lawsuits about misconduct in servicing home loans and pursuing faulty foreclosures.

But on Monday, as a close-of-business deadline loomed, many states had not yet reached a decision.

[REUTERS]

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