Schneiderman says there’s progress on mortgage investigation front: VIDEO

TRD New York /
May.May 08, 2012 12:30 PM

The mortgage foreclosure investigation is heating up, said New York Attorney General Eric Schneiderman. He appeared on “Up With Chris Hayes” on MSNBC yesterday (see video above) to discuss his work and progress with the mortgage task force. “The kind of comprehensive investigation that everyone was asking for has started up,” he said.

Schneiderman mentioned that the group has grown over the past 60 days — he said 50 attorneys, investigators and analysts are on board as of two weeks ago, and more are on the way. So far, officials from the Consumer Financial Protection Bureau, the Department of Housing and Urban Development and the Securities and Exchange Commission, are involved, and there will be announcements regarding offices and staffing coming in the next week or two, he added.

This appearance comes after criticism that the mortgage task force has not yet done enough. However, Schneiderman said that people from his office have attended meetings with the SEC and shared both briefings and depositions to discuss which banks will appear in front of the SEC. He said he will not publicize the specifics about the subpoenas issued. [MSNBC via NYDN]


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