Settlement Servicer Details

The robo-signing settlement presented to servicers by government agencies and attorneys general last week features 27 pages of rules and regulations. Though the details of the settlement have been released to the public, they are in no way final and will go through many rounds of negotiations before government officials and servicers can come to an agreement. There is speculation that reaching a resolution will be a daunting task, but officials are hoping the process will be complete in the next two months.


27 page settlement terms posted here:

http://cdn.americanbanker.com/media/pdfs/27_page_settlement2.pdf

Analysis:
http://www.dsnews.com/articles/details-of-foreclosure-settlement-surface-resolution-still-long-way-away-2011-03-08