``The scene now playing out in Suffolk Superior Court should dispel any notions that the $25 billion settlement altered the way the banks approach foreclosures. The banks are fighting hard to roll back a string of Supreme Judicial Court foreclosure decisions that demand that banks follow the law when seizing Massachusetts residents' homes. In court filings, the banks have claimed that since they had handled foreclosures the way they always had, and because the mortgages they foreclosed on were in default, playing fast and loose with state foreclosure laws didn't amount to unfair or deceptive conduct. In staking out this ground, the banks are displaying the same attitude Wall Street has adopted since mortgages began exploding five years ago: They're treating foreclosure laws as trifles that can be papered over after the fact, instead of codes that have to be followed and respected. ''

Comments: Be the first to add a comment

add a comment | go to forum thread