More Fed-Lender Settlement News!

Further to yesterday's info on the pending settlement between the many states' attorneys general and the five largest servicers in the mortgage industry, some additional potential good news hit the streets today. It appears that both US Bank and PNC may join in the settlement, and, in at least PNC's case, have already set aside cash for their possible share of a settlement. Additionally, the US Justice Department is in touch with a number of lenders beyond the initial five I mentioned yesterday to see if any of them would have a willingness to join the settlement being negotiated. Stay tuned, and, meanwhile, good luck.