I don't know if I find it unbelievable-- judges are notorious for doing things like this to "send a message" to plaintiffs or defendents. They know it will get big media play, and they know their ruling will be overturned by a higher court.

They don't do it because they think their judgement will stick.

They do it because they want to start a discussion-- and to give the media something to get that discussion started.

Actually, I applaud his decision. Not because he erased their mortgage-- but because he's trying to send a message to banks that they have to be a bit more "give and take" with their loans. In other words, if a borrower comes to you and tries to work out a solution-- and is earnest-- the lenders need to work w/their borrowers. Instead of treating them like mushrooms.

-Russ H.