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Banks, States Close To Deal On Mortgages

  A $25 billion settlement by major banks and U.S. states over questionable foreclosure practices in the housing crisis is nearing completion. Five big banks — Bank of America (BAC), JPMorgan Chase (JPM), Wells Fargo (WFC), Citibank (C) and Ally Financial (formerly GMAC) — and U.S. states are “very close,” Housing and Urban Development Secretary…

Largest Bank Will Resume Foreclosure Push in 23 States

By NELSON D. SCHWARTZ and ANDREW MARTIN Published: October 18, 2010 [A version of this article appeared in print on October 19, 2010, on page A1 of the New York edition.] Bank of America announced on Monday that it would resume home foreclosures in nearly two dozen states, despite the running controversy over how banks…