Editorial Board:=0A Time to sign off on mortgage-relief deal

IN U.S. POLITICS, today's urgent scandal often turns into tomorrow's long, complex bureaucratic slog. And so it has been with the furor that erupted in October 2010 over the mortgage industry's dubious loan modification and foreclosure practices.

There was plenty of outrage over the fact that lenders cut multiple legal corners as they coped with an unprecedented volume of delinquent loans; the most egregious abuse was the "robo-signing" of supposedly individually reviewed documents. Yet in the ensuing months, it became clear that few, if any, homeowners who were current on their mortgages lost their homes because of bank misconduct — and that holding the banks properly accountable for their rampant but arguably victimless wrongdoing would be no mean feat.

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Rosalind S. Helderman 23 Dec, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=cfc83976d027c2dedc59fd9fac982fcd
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