That’s Yet Another Story About The Mortgage Settlement, for those keeping score at home.
This time, the NY Times can be found frustrated that banks are waiving their deficiency rights, that banks are paying borrowers who can’t afford their debt cash to move out, or that banks are demolishing homes that can’t be resold (versus the alternative, letting the rotting vacant home become a meth magnet).
You can read it here if that’s your sort of cup of tea.