New York state Attorney General Andrew Cuomo’s office has launched an investigation into the practices of subprime lenders. Cuomo said at a news conference yesterday that his office is looking into the subprime mortgage market, but he did not disclose any details of the investigation, according to a spokesman. The move comes as shares of subprime lenders have sunk in the markets and foreclosures have spiked, especially among homeowners who had taken out subprime loans. more [Crain’s]
Trending
AG investigating subprime lenders
Recommended For You