Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal

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Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal

Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal

Bloomberg

A possible settlement of a 50-state probe of foreclosure practices was questioned by Nevada’s attorney general, who joined three other states in voicing concern about a deal that protects banks from continuing mortgage investigations.

Nevada Attorney General Catherine Cortez Masto, whose office has sued Bank of America Corp. (BAC) and is conducting civil and criminal foreclosure probes, said she will be “very cautious” about agreeing to a settlement that hinders them.

“If it’s impacting my ongoing litigation and any other future litigation or current investigation, I’m going to be cautious about whether to sign on or not,” Masto said today in a phone interview.

[BLOOMBERG]

State of Nevada v Bank of America, 11-00135, U.S. District Court, District of Nevada (Reno).

[ipaper docId=62379387 access_key=key-18agez8p917w7tre8e2j height=600 width=600 /]

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