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Foreclosure Deal With Lenders in Key US States Nears Settlement
Foreclosure Deal Lead Negotiator Tom Miller Image Credit: Iowa.gov Foreclosure deal in California and New York took a headway as the two states moved closer of supporting the agreement, according to reports by several international news sites on Monday, February 7, 2012. A nationwide foreclosure deal has already been supported by over 40 US states. [...]

Frontrunning: February 8
Greek Premier to Seek Bailout Consensus Amid Political Quarrels ( Bloomberg ) Merkel makes case for painful reform ( FT ) Bernanke Cites Risks to Progress of Recovery ( WSJ ) Proposed settlement with banks over foreclosure practices dealt a setback ( WaPo ) Merkel Approval in Germany Climbs to Highest Level Since 2009 Re-Election ( Bloomberg ) Francois Hollande will spark next euro crisis ...

Business briefs | Albertsons center goes through foreclosure
MANATEE -- U.S. Bank has won a $4.07 million foreclosure judgment against a Bradenton shopping center that houses a bank, grocery store, restaurant, and optometrist, court records show.

Donovan: "Very close" to foreclosure deal with banks
WASHINGTON (Reuters) - Housing and Urban Development Secretary Shaun Donovan on Wednesday said about one million borrowers are expected to benefit from principal reductions on their mortgages as part of a wide-ranging settlement with banks over dubious foreclosure practices.

Sanford D. Horwitt: Milwaukee, foreclosures and holding banks accountable
Memo to the Obama administration: If you want to see the makings of a national model to hold big banks accountable for fixing foreclosure-devastated neighborhoods, go to Milwaukee and talk to citizen leaders of a community organization who are practicing what Saul Alinsky preached.

Sanford D. Horwitt: Alinsky, Foreclosures and Holding Banks Accountable
Memo to the Obama Administration: if you want to see the makings of a national model to hold big banks accountable for fixing foreclosure-devastated neighborhoods, go to Milwaukee and talk to citizen leaders who are practicing what Saul Alinsky preached.

The squeezed middle abroad: tales of toil and turmoil
UNITED STATES: A make-or-break moment for the middle class

One million homeowners may get mortgage writedowns: U.S.
WASHINGTON (Reuters) - About one million American homeowners would get writedowns in the size of their mortgages under a proposed deal with banks over shady foreclosure practices, Housing and Urban Development Secretary Shaun Donovan said on Wednesday.

David Weidner's Writing on the Wall: 3 things Europe could learn from the Yanks
Big banks are bullying European leaders into concessions, but even though bailouts are unavoidable, political leaders should demand rights and regulations as part of any package.

David Weidner's Writing on the Wall: 3 ways Europe can learn from Yank bank bailouts
Big banks are bullying European leaders into concessions, but even though bailouts are unavoidable, political leaders should demand rights and regulations as part of any package.

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