Investor concern about the recent $25 billion mortgage servicer settlement is being overblown, Alison Frankel at Reuters says. Her comments echo what we’ve heard from David Stevens, president at the Mortgage Bankers Association — that NPV tests and current investor consent requirements mean that the vast majority of principal reductions agreed to in the settlement will come from whole loans held on participating banks’ existing books.
Investor concern over AG settlement overblown? Some say yes
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