by Calculated Risk on 1/23/2012 12:27:00 PM

From the AP: $25B US mortgage deal goes to states (ht Terry)

The AP reports that a draft settlement "has been sent to state officials for review".

The agreement could be a adopted within "weeks".

As I noted over the weekend, President Obama will probably mention several housing initiatives - including this settlement - in the SOTU address tomorrow night.

There are some details in the article.

Weekend:
• Summary for Week ending January 20th
• Schedule for Week of Jan 22nd
• FOMC Meeting Preview