Kaboom!! New federal mortgage fraud task force subpoenas 11 banks

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KaBOOM!! New federal mortgage fraud task force subpoenas 11 banks

KaBOOM!! New federal mortgage fraud task force subpoenas 11 banks

You simply cannot make this stuff up!


HW-

The new federal task force led by New York Attorney General Eric Schneiderman sent subpoenas to the 11 largest financial institutions in the past few days as part of its investigation in possible residential mortgage-backed securities fraud.

President Obama formed the task group and announced it in his State of the Union address Tuesday.

Schneiderman said in a press conference Friday that he will be joined by Delaware AG Beau Biden, Massachusetts AG Martha Coakley and Nevada AG Catherin Cortez Masto, California AG Kamala Harris and Illinois AG Lisa Madigan.

[HOUSING WIRE]

 

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5 Responses to “KaBOOM!! New federal mortgage fraud task force subpoenas 11 banks”

  1. Joyce says:

    It would be nice to know which banks were subpoenaed.

  2. dinsfla says:

    It must be from this list:
    http://stopforeclosurefraud.com/2011/04/13/occ-banker-mers-lps-foreclosure-fraud-settlement-consent-orders/

    I’m also hearing there is many more coming…that lead me to think it’s all the Trustees ie: HSBC, Deutsche Bank, US Bank, Barclay, BONY…etc.

  3. lies says:

    I think its quite with they have this task force trying to investigate these banks and they AG’s trying to reach a settlement not investigate. Reminds me what it felt like trying to get a Hampshire loan the right. Hand doesn’t know what the left is doing. Why does Obama have these two entities working against each other

  4. Dan says:

    Barclay’s and Bank of NY Mellon Trust should be added to the list.

  5. Joni Brit says:

    All roads lead to he who shall not be named…

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