Several mortgage lenders must submit plans for revamping their foreclosure practices by July 13, 2011.  As Bloomberg reports, “The Department of Housing and Urban Development, the Justice Department and all 50 state attorneys general have been negotiating a separate settlement that may total more than $20 billion with the five largest U.S. mortgage servicers: Bank of America, JPMorgan, Wells Fargo, Citigroup and Ally Financial Inc. A final agreement, setting standards for servicing loans and processing foreclosures, may serve as a template for claims against the rest of the industry.”  The report can be read here.