What is the 25 Billion Dollar Mortgage Settlement worth to you?

The Mortgage Settlement Lets Banks Systematically Overcharge You And Wrongly Take Your Home REALITY CHECK By Abigail Caplovitz Field
On my first read through of the consent agreements the bailed-out bankers (B.O.Bs), the Feds and the States I saw much as had been promised. One thing I hadn’t seen coming, however, was that the B.O.Bs would now be allowed to systematically overcharge borrowers and steal their homes. Seriously. Who cares about $1 million or $5 million penalties if horrible damage can be inflicted without punishment?
To see what I’m talking about, you need to look at Exhibit E-1.
http://abigailcfield.com/?p=1057

Foreclosure Fraud Settlement Docs (I): Ally’s Side Deal FDL By: David Dayen
http://news.firedoglake.com/2012/03/13/foreclosure-fraud-settlement-docs-i-allys-side-deal/

Foreclosure Fraud Settlement Docs (II): Giving Homes to Charity as a Penalty FDL By: David Dayen
http://news.firedoglake.com/2012/03/13/foreclosure-fraud-settlement-docs-ii-giving-homes-to-charity-as-a-penalty/

Foreclosure Fraud Settlement Docs (III): “Internal Review Group” FDL By: David Dayen
http://news.firedoglake.com/2012/03/13/foreclosure-fraud-settlement-docs-iii-internal-review-group/

Foreclosure Fraud Settlement Docs (IV): Association of Mortgage Investors Planning to Challenge in Court
FDL By: David Dayen
http://news.firedoglake.com/2012/03/13/foreclosure-fraud-settlement-docs-iv-association-of-mortgage-investors-planning-to-challenge-in-court/


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