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Robert Barba
APR 27, 2009 1:00am ET

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Bewilderment on Home Values Spurs a Sharp Provision Hike

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Many bankers have complained that valuing real estate has become more of a guessing game. This week, First M&F surprised analysts by posting a wider-than-expected loss ...

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Interpreting the $25B Mortgage Settlement
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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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