Update on the settlement of BAC mortgage abuses

here are some important updates,

http://www.kcsg.com/view/full_story/17343351/article-State-Attorney-Generals-Set-to-Sign-Proposed-Mortgage-Abuse-Settlement-with-Banks?instance=home_first_stories

State and federal officials appear close to a settlement with a deadline the end-of-the-week for states to determine whether they will participate. Also, negotiators have apparently agreed on North Carolina bank commissioner Joseph A Smith, Jr. as the Czar to that ensures banks comply with terms of the settlement. However, he has not been available for comment.

http://www.reuters.com/article/2012/01/30/us-mortgage-settlement-idUSTRE80T1MU20120130

(Reuters) – State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses, with states facing an end-of-the-week deadline to decide whether they will sign on, people close to the talks said.

Both news note that I need to watch out BAC for this end of week.