Laurie Goodman | Robo-signing "the AG Settlement is like charging a patient an extra fine when their doctor is found guilty of malpractice."

Categorized | STOP FORECLOSURE FRAUD

Laurie Goodman | Robo-signing “the AG Settlement is like charging a patient an extra fine when their doctor is found guilty of malpractice.”

Laurie Goodman | Robo-signing “the AG Settlement is like charging a patient an extra fine when their doctor is found guilty of malpractice.”

HW-

The $26 billion settlement between government officials and the five largest mortgage servicers will exacerbate servicer conflict of interest by allowing the banks to use investor dollars to foot the bill, according to Amherst Securities Group.

The analysis comes as representatives from mortgage banks, trade groups and organizations expressed relief as the settlement with state attorneys general and federal prosecutors finally arrived.

By receiving credit for principal write-downs on the loans owned by investors, servicers can settle their liability claims with private investor money, Laurie Goodman and her team of analysts at Amherst noted.

[HOUSING WIRE]

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