HousingWire – Iowa AG says servicer settlement study flawed: “A study concerning the impending settlement between state attorneys general and mortgage servicers was deemed flawed and inaccurate by the man leading the investigation into servicing practices. The study in question was conducted by three academics from universities around the country that found the settlement, which could reportedly force lenders to accept principal writedowns, mandatory modifications and fines totaling as high as $25 billion, would entice more borrowers to strategically default and simultaneously extend foreclosure timelines. Foreclosure timelines could potentially be stretched an extra 280 days, according to the study. Iowa AG Tom Miller released a statement late Tuesday afternoon saying that figure is “off the mark.”