News that the $25bn robo-signing settlement has been finalised is good for those homeowners who will benefit from the principal reductions and refinancing schemes that form part of the deal. But the bigger picture is that the settlement is not large enough to dramatically alter the outlook for either the housing market or the wider economy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services