California and New York, two key holdout states, are expected to join a
multi-state mortgage settlement, smoothing the way for an announcement
expected on Thursday, according to a person familiar with the matter.
Florida, with its large distressed housing
market, was also close to joining the settlement that resolves civil
government lawsuits over faulty foreclosures and servicing misconduct, a
separate person familiar with the deal said.
More
than 40 states said they would join the estimated $25 billion deal in
advance of a Feb. 6 deadline, but several states continued negotiations
to address concerns specific to their state.