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'The issue never was that these foreclosures weren’t justified.'

Nonsense.

“The banks created the MERS system as an end-run around the property recording system, to facilitate the rapid securitization and sale of mortgages. Once the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court submissions, seeking to take homes away from people with little regard for basic legal requirements or the rule of law,” said Attorney General Schneiderman. “Our action demonstrates that there is one set of rules for all – no matter how big or powerful the institution may be – and that those rules will be enforced vigorously. Only through real accountability for the illegal and deceptive conduct in the foreclosure crisis will there be justice for New York’s homeowners.”

Fraud is fraud is fraud. You can't foreclose on something you dont own! I can't forclose on your house if I don't own the title!

Then you try to forge documents to kick them out of the fraudulent house!

Company Faces Forgery Charges in Mo. Foreclosures

Toxic Assets Relief Program. I thought these mortgages were “toxic assets”.

This program, as I understand it, will make the banks lower the principle and refinance people who are behind in their payments. I’m in the middle of refinancing and the principle stays the same. Not behind on payments,,,,yet.