New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Foreclosure Fraud Settlement

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New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Foreclosure Fraud Settlement

New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Foreclosure Fraud Settlement

You know what they say? Bad folks need good folks around them in order to function…

Seems like the are lining up the stars.

CNBC-

Barely a few days ago, word was that a settlement among state attorneys general and the big banks over faulty foreclosure practice, i.e. “robo-signing”, was imminent.

In fact, there was a big meeting on Monday in Chicago to try to seal the deal. It included Secretary of Housing and Urban Development, Shaun Donovan, Associate U.S. Attorney General. Thomas Perelli, and several Democratic AG’s, including the lead negotiator, Iowa Attorney General Tom Miller.

Now some say that could all be for naught.

[CNBC]

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