The modification mistake: Joseph Mason column

The modification mistake: Joseph Mason column


In recent weeks, state attorney generals in conjunction with the nascent Consumer Financial Protection Bureau (CFPB) proposed a broad settlement with the five largest servicing banks over potential damages in the foreclosure crisis.

Despite the Office of the Comptroller of the Currency’s determination that precious few foreclosures affected owners who had been making payments or even occupied the property, the keystone of the settlement is a $20 million penalty to fund principal modifications

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here