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Oklahoma Attorney General Scott Pruitt Goes After Own Fraudclosure Settlement

Oklahoma Attorney General Scott Pruitt Goes After Own Fraudclosure Settlement


BLOOMBERG

Oklahoma Plan

Oklahoma Attorney General Scott Pruitt is seeking an alternative settlement with banks that respects “the appropriate role of attorneys general,” his office said in a statement today. The settlement could be a model for other states, Pruitt said.

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Georgia Joins Dissenters Opposing Writedown Plan in State Foreclosure Deal

Georgia Joins Dissenters Opposing Writedown Plan in State Foreclosure Deal


BLOOMBERG

Georgia Attorney General Sam Olens said he has “significant concerns” about a proposal to reduce loan balances for some homeowners as part of a settlement of a nationwide foreclosure probe, joining at least seven other states that have criticized such a plan.

A deal with the top mortgage servicers in the U.S. that includes writedowns could encourage homeowners who are current on their loans to stop making payments, Olens, a Republican, said today in a telephone interview.

“You’re declaring in advance who the winners and losers are,” Olens said. “I’m a little concerned that this process disengages the normal market forces.”

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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