Political Push Moves a Deal on Mortgages Inches Closer

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Political Push Moves a Deal on Mortgages Inches Closer
About one million homeowners facing foreclosure could have their mortgage burden cut by about $20,000 each as part of a long-awaited deal taking shape among state attorneys general, federal officials and the nation’s largest mortgage servicers. But a final agreement remained out of reach Monday despite political pressure from the White House, which had been trying to have a deal in hand that President Obama could highlight in his State of the Union address Tuesday night.

http://www.governing.com/news/politics/ ... loser.html