Nevada AG to Decide on Nationwide Foreclosure Settlement - 8 News NOW

Nevada AG to Decide on Nationwide Foreclosure Settlement

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LAS VEGAS -- Nevada's attorney general has until Feb. 3 to decide whether to sign off on a nationwide settlement of foreclosure wrongdoing with banks.

State and federal officials have been negotiating an agreement with the largest mortgage servicers that would set standards for banks conducting foreclosures while providing mortgage relief to borrowers.

Nevada Attorney General Catherine Cortez Masto wrote in a Jan. 27 letter to the Department of Justice and the U.S. Department of Housing and Urban Development that she needed more details on the deal.

At least one state attorney general, Delaware's Beau Biden, has said he won't sign on the deal as currently drafted. California's A.G. office, last week. called it "inadequate for California."

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