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

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]


Related Articles

arrow_forward_ios
The Princeton Club flag in front of 15 West 43rd Street (Google Maps)
Paper Tigers: Princeton Club defaults on $39M mortgage, may lose digs
Paper Tigers: Princeton Club defaults on $39M mortgage, may lose digs
It's harder than it's been in a decade to afford a mortgage
It’s harder than it’s been in a decade to afford a mortgage
It’s harder than it’s been in a decade to afford a mortgage
 An industry report says that mortgage lenders and investors are ill-prepared for the growing challenge of climate risk. (iStock)
Mortgage market stakeholders are unprepared for growing climate change threats
Mortgage market stakeholders are unprepared for growing climate change threats
Mortgage availability improves just as rates set to rise
Mortgage availability improves just as rates set to rise
Mortgage availability improves just as rates set to rise
Pittsburgh is the place to be for affordable mortgage payments. San Jose and San Francisco? Not so much. (iStock)
Ten most/least expensive cities to buy a median-priced home
Ten most/least expensive cities to buy a median-priced home
Real estate stocks climbed higher in August despite the end of a national eviction moratorium and uncertainty over how the delta variant would affect retail spending and a return to the office. (iStock)
Real estate stocks dodge obstacles, charge forward in August
Real estate stocks dodge obstacles, charge forward in August
A statistical analysis found that lenders were 80 percent more likely to reject Black applicants for mortgages in 2019. (iStock)
Secret bias in mortgage algorithms hurts borrowers of color
Secret bias in mortgage algorithms hurts borrowers of color
From left: JPMorganChase CEO Jamie Dimon, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman (Getty)
Demand for private-label mortgages on the rise
Demand for private-label mortgages on the rise
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...