Progress Made in AG Settlement Talks, But Parties Still Working on Key Issues
October 13, 2011
Negotiations among major banks and state attorneys general to settle problems in foreclosure servicing practices reached a one-year anniversary this week with little apparent progress over the key issue of how much litigation relief the lenders will gain from the deal. We worked out a tremendous amount of the settlement and gotten a lot done, said a spokesman for Iowa Attorney General Tom Miller, who has been spearheading the negotiation on behalf of the states. However, he disputed applying the word imminent, which some bankers had used, to describe when the settlement might be finalized. Lets not jump...