Sunday, August 28, 2011

NY AG Gets The Boot From Executive Committee Of Multi-State Foreclosure Fraud Probe As Iowa AG Joins Feds In Move To Continue Screwing Over Homeowners

Reuters reports:

  • New York Attorney General Eric Schneiderman was removed on Tuesday from a committee of state attorneys general probing mortgage abuses, Iowa's attorney general said.

  • Schneiderman's removal follows his statements in recent months voicing concerns over a proposed deal between major banks and a coalition of federal and state officials over claims of foreclosure abuses.

  • "Effective immediately, the New York Attorney General's Office has been removed from the Executive Committee of the Robosigning multistate," an attorney in the Iowa Attorney General's office, which is leading the investigation, said in an email on Tuesday to other lawyers involved in the probe.

  • The removal is the latest sign of discord between Schneiderman and the state and federal coalition on mortgage abuses. On Monday, the New York Times reported that the federal government was pressuring him to agree to a settlement with the banks over abuses such as submitting allegedly false documents to remove borrowers from their homes.

For more, see Schneiderman removed from committee (Iowa says New York has "undermined" gov't coalition).

See also, Feds To Sell Out Homeowners? Begin Arm-Twisting Campaign, Targeting NY AG, Others To Seek Support For Crappy, 50-State Foreclosure Fraud Settlement.

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