Business

Mortgage the future

Labor Day or bust!

If the country’s major banks don’t reach an agreement with the 50 state attorneys general and federal regulators in the next few weeks, a global agreement to settle the widespread foreclosure fiasco is likely going to be sunk for good, sources told The Post.

“There just comes a time when some attorneys general have to make a decision whether they’re in or they’re out,” said one source.

Not even a deal that involves the vast majority of states — but excludes hardliner holdouts like New York AG Eric Schneiderman and Massachusetts AG Martha Coakley — is likely to pass muster.

Full story: Mortgage the future – NYPOST.com.