(English) Foreclosure Roadmap Included in Mortgage Settlement
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Where is the roadmap? Can the public get a copy of it? (Seriously.)
The word ‘roadmap’ symbolizes the effect of the settlement. The banks now know what activities they will be penalized for. Therefore, they also have found out how to properly proceed forward without penalty. There isn’t technically a roadmap attached to the settlement.
With the govt agreeing to sell in bulk to institutional investors , impact on prices should be minimal