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By Paul Muolo
JUL 26, 2010 3:27pm ET

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Return Flight: Long Closing Times at Megabanks Drive Loan Officers Back to Nonbank Lenders

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Some top-flight loan officers who fled nonbank mortgage lenders for megabanks, seeking job security and a future, are returning to the nonbanks because the big boys take too long ...

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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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