Md. AG Gansler says foreclosure talks with more banks ongoing

WASHINGTON (Legal Newsline) – Maryland Attorney General Doug Gansler said Wednesday that more agreements might be coming in the wake of a $25 billion national settlement with five banks.

February’s settlement was reached by 49 states and the nation’s five largest mortgage servicers – Wells Fargo, JPMorgan Chase, Citigroup, Ally Financial and Bank of America. It was the result of a probe that began in October 2010 into their alleged “robosigning” practices.

Speaking at the 13th Legal Reform Summit at the U.S. Chamber of Commerce, Gansler, currently the president of the National Association of Attorneys General, said the AGs are “in the process of working with the next group of banks.”

Read on.

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