Attorneys general from more than 40 states have signed a proposed settlement agreement with five of the nation’s largest mortgage servicers over robo-signing foreclosure processing abuses.
The lead negotiator, Iowa Attorney General Tom Miller. It was reported on CNBC.
The agreement with Bank of America, Wells Fargo, Citigroup, JPMorgan Chase and Ally Financial will reportedly total $25 billion. The states and lenders have been going back and forth for more than a year.
