California not among states that OK bank settlement

25 Billion Dollars
25 Billion Dollars (Photo credit: Andrew Turner)

California not among states that OK bank settlement

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More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms.

By Alejandro Lazo and Jim Puzzanghera, Los Angeles Times

February 7 2012

Reporting from Los Angeles and Washington — More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, but California, New York and other key states were still not among them.

The complete article can be viewed at:

http://www.latimes.com/business/realestate/la-fi-foreclosure-settlement-20120207,0,5999524.story

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