Posts Tagged ‘ government ’

US mortgage lenders ‘close to $19bn foreclosure settlement’

Jan 23rd, 2012 | By | Category: News

US president Barack Obama could announce a deal – the largest multi-state agreement since the 1998 tobacco settlement – in Tuesday’s state of the union address The US’s five largest mortgage lenders are close to signing off on a massive settlement over deceptive foreclosure practices that drove people out of their homes, according to government officials.