Francine McKenna: What Mortgage Settlement Lacks in Substance, It Makes Up in Execution

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Francine McKenna: What Mortgage Settlement Lacks in Substance, It Makes Up in Execution

Francine McKenna: What Mortgage Settlement Lacks in Substance, It Makes Up in Execution

American Banker-

A practical, well-executed plan, even one with disappointingly modest goals, will deliver more than an overly ambitious plan, easily subverted, that, in hindsight probably had no hope of ever succeeding.

When a judge approved the state attorneys general settlement with five mortgage servicers on April 5, the consent decrees issued by federal bank regulators mandating foreclosure reviews at 14 servicers – including the five in the multistate settlement – were already a year old.

[AMERICAN BANKER]

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2 Responses to “Francine McKenna: What Mortgage Settlement Lacks in Substance, It Makes Up in Execution”

  1. Joe says:

    Everybody that’s in foreclosure or was in foreclosure should demand to see where every penny of $26 billion settlement went. And put a STOP to all These little fag bankers and servicers that are laughing at us and laughing at these judges and at law enforcement and laughing at the united states

  2. Joe says:

    THAT IS OUR MONEY. THAT IS OUR MONEY. THAT IS OUR MONEY. YEA DUMB LITTLE TIE WEARING FAGS OUR MONEY THE PARTY OVER. THAT MONEY BELONGS TO ALL FORECLOSURE VICTIMS. READ MY LIPS. THE FRAUD PARTY IS OVER AND IT DOESN’T COME OUT TO $2000 A HOMEOWNER IT COMES OUT TO ALOT MORE THAN THAT

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