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New Material-Loss Trigger Should Ease Pressure on Examiners

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The banker-examiner relationship has not been this strained for 20 years, but a provision in the Dodd-Frank Act will alleviate some pressure on the examiners.

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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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