The "Robo-Signing" Settlement: Seeds of Recovery, Or Chaos? - Forbes

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The “Robo-Signing” Settlement: Seeds of Recovery, Or Chaos? – Forbes

The “Robo-Signing” Settlement: Seeds of Recovery, Or Chaos? – Forbes

Just wait until they finally figure it out “It’s The Title Stupid”…the banks will get a pardon for this too, just wait and see.

Chaos will break and title companies will go after the banks for all the lemons.

FORBES-

After over a year of wrangling, last week the Obama Administration and 49 state attorneys general announced that they had reached a comprehensive settlement with five large mortgage servicers over claims related to their infamous “robo-signing” foreclosure practices.

The settlement provides $25 billion to state governments and homeowners in the form of principal reductions and cash payments, a figure that would rise if other banks sign on. In addition to imposing punishment and providing recompense for alleged past misbehaviors, the settlement provides much-needed relief and a path to recovery for a housing market paralyzed by the continued uncertainty concerning the ability of lenders to foreclose on nonperforming loans.

Or does it?…

[FORBES]

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