Oppenheim Law

Friday Round-Up; Still No Settlement; Schneiderman Looks at REMICs, Judge Loses Cancer Battle

Blog post   •   Mar 02, 2012 17:43 EST

Big Foreclosure Settlement Still Not Really, Truly, Finally Done

And here we go again. Last month I wondered when we were going to see the documentation behind the ‘$25 billion’ mortgage settlement. Despite the massive action this settlement is now supposedly leading to, there didn’t seem to be a huge rush to get the deal finalized.

The same day I posted my blog it was reported that prosecutors would likely be filing the documents in the courts by the end of the month.

Well February has come and gone, and it appears we’re no closer to seeing the final settlement document. March has started more like a lamb then a lion.

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