Here are those mortgage deal links I mentioned in the Friday Morning Links post a couple hours ago. It was another one of those days when, in the process of collecting news stories for the links post, there was a virtual avalanche of reporting and opinions on what the Justice Department hath wrought with this deal.
A ‘deadbeat’ bailout – NY Sun
The Mortgage Deal: A Reality Check – NPR
Mortgage deal: What the critics say – CNN/Money
U.S. banks agree to $25 billion in homeowner help – Reuters
Settlement launches foreclosure reckoning – Washington Post
Why the Foreclosure Deal May Not Be So Hot After All – Taibblog
Why Millions Won’t Get Help From Big Mortgage Settlement – ProPublica
Top Twelve Reasons Why You Should Hate the Mortgage Settlement – Naked Capitalism
Foreclosure Settlement Falls Short, Still Worth the Wait: View – Bloomberg
Is The Foreclosure Settlement A Shadow Bailout For Broke California – Zero Hedge
What the foreclosure settlement means for you – CNN/Money
Mortgage Settlement and Negative Equity – Calculated Risk
Robo-Deal Is All About Lowering Mortgage Principal – CNBC
Banks Not Off Hook With $25B Mortgage Agreement – Bloomberg
Mortgage Plan Gives Billions to Homeowners, but With Exceptions – NY Times
Florida Homeowners Find Little to Cheer in Deal With ‘Gangsters’ – Bloomberg
Mortgage Deal Props Up California House of Cards – Bloomberg
Cramer: This Mortgage Settlement Is Huge – The Street
Foreclosure Deal to Spur U.S. Home Seizures – Bloomberg
The Mortgage Settlement Is Fine – DealBreaker
I’d be lying if I said I’d read all of these (or more than a couple for that matter), but I intend to take a look here this morning. Just based on the headlines, it would appear that the deal is getting a mixed reaction.









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[...] Now for the “sounds like good news but might not be” department: the Feds were able to get 49 state Attorneys General to sign on to an undersized, underpowered foreclosure fraud “settlement” this week. I don’t want to tell all now (You’ll have to tune in to the show!), but here’s the official press release and a roundup of opinions. [...]
[...] Let’s see, your share comes to at least $319.50: Taypayers will be on the hook for a minimum of 4 times the foreclosure fraud whitewash settlement. [...]