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February 7, 2012

More than 40 States Agree to Foreclosure Deal 
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More than 40 U.S. states have agreed to a nationwide settlement over
foreclosure abuses that would force the five largest mortgage lenders to
reduce loans for about one million households. It remains unclear if
California and New York will back the deal. Bloomberg reports Bank of
America, JPMorgan Chase and Wells Fargo are now demanding that New York
drop claims filed against them last week as a condition of the
settlement.



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