As Mortgage Settlement Deal Nears Feb. 3 Deadline, Nevada AG Raises 38 Important Concerns

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As Mortgage Settlement Deal Nears Feb. 3 Deadline, Nevada AG Raises 38 Important Concerns

As Mortgage Settlement Deal Nears Feb. 3 Deadline, Nevada AG Raises 38 Important Concerns

The BIG question remains, What happens if there is origination fraud? Will there be a separate fund for victims in this instance?

HuffPO-

In a letter dated Friday, emailed to federal officials and obtained by The Huffington Post, Nevada’s attorney general, Catherine Cortez Masto, asked 38 questions referencing a variety of concerns, including fears that states would play second fiddle to the federal government in making decisions. She also questioned if the states would lose their ability to pursue certain types of lawsuits against banks and whether the states would get their fair share of the housing assistance for their borrowers.

“What would happen if all of the state attorney general representatives had one view and the federal agencies disagreed?” Masto asked in her letter.

[HUFFINGTONPOST]

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One Response to “As Mortgage Settlement Deal Nears Feb. 3 Deadline, Nevada AG Raises 38 Important Concerns”

  1. Eugene Villarreal says:

    To; AG Masto

    The Obama admin. is promising ALL Attorneys general 60% of the settlement. Don’t worry!

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