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By Marc Hochstein
OCT 26, 2009 5:00pm ET

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$78M Loan Sale at Aegon CRE Unit

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Aegon's U.S. CRE arm has unloaded $78.5 million of 'well-performing' mortgages at prices ranging from 'a modest discount to a slight premium' over face value, according to the brokerage ...

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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