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Source: NY, California to sign mortgage settlement

Source: NY, California to sign mortgage settlement

New York and California have agreed to sign the proposed settlement between U.S. states and the nation's biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations. In North Carolina, Attorney General Roy Cooper has shown support for the draft agreement, according to news reports.

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Broker’s license suspended for deceiving homeowners (access required)

Geoffrey Lamb says he unintentionally broke the state’s real estate laws while running a foreclosure-relief company in 2008. But the North Carolina Real Estate Commission uses much stronger language to describe what Lamb did as owner of U.S. Consumer Solutions, a Concord company that is no longer in business.

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