Real Estate/Development
Mar. 29, 2011
Mortgage Settlement Talks May Yield Little
Attorneys general from all 50 states and federal officials are involved in high-stakes negotiations with the nation's largest lenders to reduce the crushing debt many homeowners face.
Daily Journal Staff Writer
Federal officials, along with attorneys general from all 50 states, began high-stakes negotiations to get the nation's largest lenders to reduce the crushing debt millions of homeowners face and resolve allegations of wrongdoing by mortgage servicers.
The odds are long, however, that a settlement is possible, as there are considerable differences among attorneys general over the 27-page proposal lea...
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