“Its Time to Finalize the Robo-Signing Settlement”

“It’s Time to Finalize the Robo-Signing Settlement” a new op-ed by yours truly on Forbes.com today.  Let me emphasize that I think the practices of mortgage servicers were outrageous and they deserve to be punished for their practices.  But I don’t think that implies the remedy of principal reduction or that the settlement should be held up further in order to push for more on that score.  My objection is not to punishing mortgage servicers but to collapse of the settlement and some of the contemplated remedies.

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