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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Quelle Surprise! Mortgage Settlement Monitor Advocates Going Easy on Servicers Since We Don't Dare Ask Them to Spend Money to Meet Their Contractual Obligations | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="v2oaHNHLUq"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/09/quelle-surprise-mortgage-settlement-monitor-advocates-going-easy-on-servicers-since-we-dont-dare-ask-them-to-spend-money-to-meet-their-contractual-obligations.html"&gt;Quelle Surprise! Mortgage Settlement Monitor Advocates Going Easy on Servicers Since We Don&#x2019;t Dare Ask Them to Spend Money to Meet Their Contractual Obligations&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/09/quelle-surprise-mortgage-settlement-monitor-advocates-going-easy-on-servicers-since-we-dont-dare-ask-them-to-spend-money-to-meet-their-contractual-obligations.html/embed#?secret=v2oaHNHLUq" width="600" height="338" title="&#x201C;Quelle Surprise! Mortgage Settlement Monitor Advocates Going Easy on Servicers Since We Don&#x2019;t Dare Ask Them to Spend Money to Meet Their Contractual Obligations&#x201D; &#x2014; naked capitalism" data-secret="v2oaHNHLUq" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>The mortgage settlement looks to be every bit as bad as cynics predicted. The most exacting and detailed reporting on the settlement terms came from attorney Abigail Field, who undertook the painful process of reading the entire agreement and making sense of what the detailed terms meant. And the latest word from the settlement monitor Joseph Smith is yet another confirmation of the settlement process as enforcement theater.</description></oembed>

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