The ‘Right’ Foreclosure Fix

The ‘Right’ Foreclosure Fix April 15, 2011, Wall Street Journal When last year's mini-scandal about sloppy mortgage practices erupted, two public policy approaches emerged: Banking regulators wanted to identify mortgage servicers' bad practices and fix them. The Department of Justice, state Attorneys General, the Consumer Financial Protection Bureau and others wanted to use the episode to punish companies and score political points. That distinction became clearer Wednesday when...(read more)