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]

Scribd

Related posts:

1. David Dayen | Foreclosure Fraud Settlement Terms Laid Out, But Holdout AGs Not Signed On FDL- By: David Dayen When I started digging into whether...
2. Bank Foreclosure Fraud Deal Reviewed by States as Delaware Drops Out Lets say it all together, what these banks did, was...
3. Liberals Blast Obama Administration On Pending Mortgage Settlement See this is how things get twisted because just today,...
4. BREAKING: Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability HuffPO- The Obama administration, state attorneys general, and the nation’s...
5. Up w/ Chris Hayes: Former New York Governor Eliot Spitzer Says “No Deal” To Foreclosure Fraud Settlement Former New York Governor Eliot Spitzer and Chris Hayes discuss...