STEVE INSKEEP, Host: NPR's business news starts with promise from mortgage companies.</s>STEVE INSKEEP, Host: Companies in New York account for nearly two-thirds of mortgage servicing activity, nationwide.
Officials in New York have struck a deal with major mortgage servicers to clean up some of their most controversial practices, according to The Wall Street Journal. Under the deal, the companies promise to stop signing off on foreclosure documents without fully looking over the papers in the case, as is legally required.