Last week, we heard the announcements by New York Attorney General Eric Schneiderman that his office is investigating fraud in mortgage securitization — originally focused on Goldman Sachs, Bank of America, and Morgan Stanley, this morning expanded to include JPMorgan, UBS, and Deutsche Bank.
Previously, the Florida AG had published a brutal analysis on Florida foreclosure fraud.We now learn that California is stepping up to the plate: California Attorney General Kamala Harris is creating a 25-person task force to target mortgage fraud of any size.
The California investigation will include "mortgage-origination" fraud.
Keep track of your posts about this. A couple years from now, you'll be considered prescient for mentioning this REM stuff.
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