Responses to AG Mortgage “Settlement” Terms

I received this information from Matt Stoller;  it’s a collection of links regarding various responses to the AG “settlement” term sheet that has been circulating:

 

The well-intentioned but doomed mortgage settlement
http://blogs.reuters.com/felix-salmon/2011/03/08/the-well-intentioned-but-doomed-mortgage-settlement/

Mortgage Settlement Term Sheet: Bailout as Reward for Institutionalized Fraud

http://www.nakedcapitalism.com/2011/03/mortgage-settlement-term-sheet-bailout-as-reward-for-institutionalized-fraud.html

Foreclosure-Gate Settlement?
http://www.creditslips.org/creditslips/2011/03/foreclosure-gate-settlement-.html

Flush The AGs: 27 Pages Of Fluff
http://market-ticker.org/akcs-www?post=181755

Mortgage Industry To Face Massive Changes Under Regulators’ Plan; Homeowners, Investors Better Protected

http://www.huffingtonpost.com/2011/03/07/foreclosure-settlement-protect-homeowners_n_832699.html

Protesters rally in D.C. for harsher sanctions on mortgage servicers
http://www.washingtonpost.com/wp-dyn/content/article/2011/03/07/AR2011030702902.html

Protests for a Harder Line Against the Banks
– George Geoul of NPA, who helped organize protests yesterday at Bank of America, came out strongly against the settlement:
http://www.dylanratigan.com/2011/03/08/america-fights-back-against-foreclosure/

– NPA has been pressuring Tom Miller consistently.

Banks Like Proposed Fraudclosure Settlement

Bank of America was up 5% today, the day after the settlement was announced.

http://www.ritholtz.com/blog/2011/03/banks-like-proposed-fraudclosure-settlement/

BofA Segregates Almost Half of its Mortgages Into `Bad Bank’
http://www.bloomberg.com/news/2011-03-08/bofa-segregates-almost-half-its-mortgages-into-bad-bank-under-laughlin.html
BofA presentation: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9ODQ2NDh8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1

By the Numbers: A Revealing Look at the Mortgage Mod Meltdown
http://www.propublica.org/article/by-the-numbers-a-revealing-look-at-the-mortgage-mod-meltdown


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