Foreclosure Fraud Settlement Rubber-Stamped by a Federal Judge (Firedoglake)
A federal judge in DC swiftly approved the foreclosure fraud settlement
yesterday. Actually four of the consent orders with the five largest mortgage
servicers were approved Wednesday, but we only learned publicly of the
approval of all five settlements yesterday. Some investor groups had talked
about challenging the terms of the settlement, but this approval happened so
quickly, and without even so much as a hearing, that they had no time to
react. This is the very definition of a rubber stamp.
Mortgage Fraud, Predatory Lending, Predatory Mortgage Servicing Defined
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