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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