Remember 2007? When foreclosure was king, and raising the debt ceiling, like going to the dentist, was one of those unpleasant tasks that you grudgingly faced every few years?
Those times were followed by a collective realization that everyone would be happier if mortgage servicers could work out payment plans with defaulting borrowers to avoid kicking families out of their homes and into court. Of course, nothing is ever easy when mortgages are involved, and the workout deals ultimately generated loads of litigation for lawyers.






