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Wednesday, February 08, 2012

WSJ: Mortgage Settlement could be announced Thursday, to include Florida, California, New York

by Calculated Risk on 2/08/2012 07:20:00 PM

From the WSJ: Banks Near $25 Billion Pact on Foreclosure Probe

Government officials are on the verge of an agreement worth as much as $25 billion with five major banks ... Federal officials were planning to announce the accord Thursday morning, but the timing could yet be pushed back as some details had yet to be ironed out. Among them: the precise size of the agreement and the number and identity of participating states.
The Obama administration made a full-court press over the past four days to secure the support of key state attorneys general, including those from Florida, California and New York.

All three overcame misgivings about the plan in recent days, people familiar with the situation said.