Well, today is the supposed deadline for the 50 states (or as many as want to jump on board) to sign off on a deal providing some relief to victims of foreclosure, while simultaneously providing the major mortgage lenders in the country some shielding from further legal liability. So far, both the Atty Gens of NY and California have indicated they will reject the deal, noting that they feel it's not consumer-protective enough. However, even here, late reports have come out that they are willing to be persuaded to reconsider in return for more assistance to foreclosurees and/or future liability for the lenders involved. Final decision yet to be made. There is also a feeling that the overall deal may not actually close today, but could, based on late negotiations, finally get settled and in force later this week. Stay tuned.
Good luck.
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