When they agreed to pay $25 billion to make their mortgage-servicing problems with, well, everyone, it apparently did not occur to the big banks that they’d be expected to live up to all of the other things they agreed to do. I mean, is not $25 billion enough for you people?
It seems that a few boutique mortgage lenders are playing a little fast and loose with the rules they agreed to follow when they agreed to pay $25 billion to get the government to leave them alone.
I’m full of warm feelings today so let’s say nice things about the government and government-ish people who are trying to help the housing market. First, the national mortgage settlement people, who are a diffuse group of 49 state attorneys-general1 plus some federal regulatory people. A while back they got mad at some banks that […]