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The ethics of foreclosures and late fees

By Hanna

“The rules by which servicers are reimbursed for expenses may provide a perverse incentive to foreclose rather than modify” Recent paper published by the Federal Reserve Bank of Boston, quoted by The New York Times, July 30, 2009. I’ve written about the distinction between law and ethics before.  But shrinking English muffins and the “grocery shrink ray” [...]

Full post as published by Legal Literacy on July 31, 2009 (boomark / email).