States Get a Weekend to Ponder $25 Billion Settlement Over Robosigning Controversy
February 2, 2012
The deadline for the state attorneys general to determine whether they will join the multistate settlement of mortgage foreclosure and servicing practices has been extended from Feb. 3 to Feb. 6. While some AGs have definitively stated whether they are in or not, Nevadas Catherine Cortez Masto and others are still seeking more information about the settlement terms. For a settlement thats taken more than 15 months to negotiate, few are surprised the deadline has been pushed back. If anything, the mere three-day delay is welcome news for observers used to more than a year of back and forth. The new...