Friday, June 03, 2011

HUD secretary: Foreclosure settlement to come in a 'matter of weeks'

A settlement between a coalition of federal and state agencies and banks over foreclosure practices will come in a “matter of weeks,” Shaun Donovan, secretary of Housing and Urban Development, told the Los Angeles Times.

Donovan’s agency is involved in the negotiations with the banks, which also includes attorneys general from all 50 states and officials from the Justice Department and other federal agencies

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