Is “more clear picture” more comforting, or not? There’s no shortage of bad news, I don’t really need more ;)
“Is “more clear picture” more comforting, or not? There’s no shortage of bad news, I don’t really need more ;)”
The actual situation is the opposite of apocalyptic, but kind of funny, in that a lot of “Dilbert’s pointy haired boss”-like “cost cutting” is revealed to have been a foolish muddle that is now coming home to roost. It also means that the servicers will probably have to hire a lot of new help to sort through their paperwork and fix up the tangled chain of loan ownership that the secondary market’s “cost cutting” has created. Judges have simply gotten fed up with attempts to foreclose on houses that don’t have proof of the plantiff’s standing in the case.
It’s like the old “oil change service” commercial: “Pay me now, or pay me (more) later.”