BREAKING: National Mortgage Settlement All But Inevitable As California, New York Join Deal

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BREAKING: National Mortgage Settlement All But Inevitable As California, New York Join Deal (UPDATED)

BREAKING: National Mortgage Settlement All But Inevitable As California, New York Join Deal (UPDATED)

UPDATE: New York Times is now reporting the Banksters have reached the $25 Billion Dollar Deal.

Investors have your wallets handy…you’ll be needing them to pay for part of the banks Massive Fraud!


HuffPO-

New York Attorney General Eric Schneiderman and California Attorney General Kamala Harris are joining the national mortgage servicing settlement, making a deal that includes all 50 states all but inevitable, according to a source who spoke Wednesday evening on condition of anonymity.

“It’s hard to see any state staying out of the deal if California is in,” said the source.

The settlement resolves allegations that five of the nation’s largest banks forged documents and wrongfully foreclosed on borrowers in what has come to be known as the “robo-signing” scandal. Schneiderman and Harris have been outspoken in urging the Obama administration to hold the nation’s biggest banks accountable for their role in the housing crisis and have resisted signing on to the settlement until now over concerns that it would go too easy on the banks and provide too little homeowner relief. The two states’ participation had widely been seen as necessary to a successful deal.

[HUFFINGTONPOST]

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