Servicing Settlement Near, Says HUD Chief, But Many Issues Appear Still Unresolved
January 19, 2012
Shaun Donovan, secretary of the Department of Housing and Urban Development, this week said the multistate foreclosure settlement is very close to reaching its conclusion, during a speech at the U.S. Conference of Mayors. However, a meeting last week among more than a dozen state attorneys general to discuss alternatives and to air grievances suggests there is still a lot of work to do. Some of the state AGs attending the meeting have been outspoken regarding their frustrations with the process. They included Kamala Harris of California and Eric Schneiderman of New York, who are not currently...