RI Joins $25B Mortgage Relief Deal While Others Remain Unsure

Law360, New York (February 7, 2012, 9:23 PM EST) -- Rhode Island on Tuesday became the latest state to join a proposed settlement with major lenders that could provide $25 billion in relief to homeowners facing foreclosure, yet several key states remain on the fence about the deal.

A day after a settlement opt-in deadline passed, Rhode Island Attorney General Peter Kilmartin said he would join the deal, making Rhode Island one of more than 40 states that have signed on to the settlement, according to Iowa Attorney General Tom Miller, who is spearheading the negotiations....
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