Tuesday, August 16, 2011

Nevada AG Joins Counterparts In Three Other States In Stiff-Arming Proposal For Broad Releases For Banksters In 50-State Foreclosure Fraud Probe

Bloomberg reports:
  • Nevada’s attorney general joined three other states in questioning whether a possible settlement of a 50-state probe of foreclosure practices should protect banks from continuing mortgage investigations.


  • Nevada Attorney General Catherine Cortez Masto, whose office has sued Bank of America Corp. and is conducting civil and criminal foreclosure probes, said she will be “very cautious” about agreeing to a settlement that hinders them.

***

  • Masto joined New York, Delaware and Massachusetts in resisting broad releases for the banks in any settlement. Those states are conducting their own investigations into mortgage practices of banks.

For more, see Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal.

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