Max Gardner's Comments on AGs' Term Sheet for Mortgage Servicers

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Max Gardner’s Comments on AGs’ Term Sheet for Mortgage Servicers

Max Gardner’s Comments on AGs’ Term Sheet for Mortgage Servicers

Written on March 8, 2011 by Editor

I just had a chance to look through the 27 page document.  My first impression is profound sadness in knowing that the Attorney Generals feel compelled to state that all affidavits must be truthful and contain no false statements.  Have things gotten so bad that we must now get the Servicers to write 1,000 times on the school blackboard:  “We must tell the truth; We must tell the truth; We must tell the truth.” And we must make sure our attorneys and third-party vendors are telling the truth.  Have they all been lying on such a grand scale?  I am sorry for the rhetorical question—of course they have.

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