April 18, 2013

THE COUNTRY’S IN THE VERY BEST OF HANDS: Foreclosure Settlement Checks Bounce In Latest Setback For Troubled Program. “On Tuesday, some of the first people to receive payouts under the $9.2 billion deal between federal regulators and the mortgage industry called into a government hotline to report that their bank would not cash their check.” Problem fixed now, but as the article notes, this doesn’t inspire confidence.