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More than 40 States Agree to Foreclosure Deal

HeadlineFeb 07, 2012

More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses that would force the five largest mortgage lenders to reduce loans for about one million households. It remains unclear if California and New York will back the deal. Bloomberg reports Bank of America, JPMorgan Chase and Wells Fargo are now demanding that New York drop claims filed against them last week as a condition of the settlement.

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