In 50-state foreclosure negotiations, dispute underlines basic questions

Source: Brady Dennis, Washington Post (Free Registration)

A recent and acrimonious dispute among state officials over a possible legal settlement to address nationwide mortgage abuses is underscoring basic questions about what the effort should accomplish. In settling claims against the largest banks related to “robo-signed” foreclosure documents and other flawed paperwork, should officials seek to rectify all the wrongs of the mortgage crisis? How big a settlement is big enough? What approach will net the best deal for struggling homeowners?

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housing, mortgages, foreclosures, home loans, homeownership

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