Why They Always Foreclose

WhydoesIndyMac/OneWest repeatedly opt for foreclosure over other solutions that benefit all of the parties?  Patrick Pulatie mines its Shared Loss Agreement with the FDIC (similar to the agreements that numerous servicers have with the FDIC) for hidden incentives.   Spoiler:  the taxpayer and the middle class homeowner eat the losses again.   Check out the full article below:


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