Oregon Joins $25B Mortgage Settlement With Lenders

Law360, New York (February 1, 2012, 4:59 PM EST) -- Oregon on Wednesday decided to join a proposed $25 billion settlement under negotiation by multiple states and major banks accused of fraudulent foreclosure practices and other mortgage abuses, breaking with a pair of states that recently rejected the controversial deal. 

Oregon attorney general John Kroger considered proceeding with a lawsuit against the banks, a tact apparently preferred by California and Delaware, but decided the tentative deal would probably best whatever he could produce through years of litigation, he said. The proposed deal, which government officials said...
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