Tag:
Attorneys General
Latest Headlines
Latest Headlines
Mortgage settlement stall continues
The Iowa-led coalition of states--currently negotiating with big banks about a global settlement to a litany of mortgage and foreclosure abuses--has frayed to the point that a meaningful deal may not
Speculation: Bank of America headed to bankruptcy court
The move by Bank of America to move derivatives assets from the Merrill Lynch broker dealer unit to the bank holding company continues to generate controversy and speculation. Christopher Whalen, the
States continue to struggle to ink settlement with banks
Will we ever get a settlement that will address mortgage abuse at the state level? The process has been troubled form the start, and in hindsight it was way too optimistic to think that the 50 states
Will more modifications really solve the foreclosure fiasco?
It looks like the "solution" to the foreclosure fiasco will entail more modifications. This is certainly a humane approach and banks would be wise not to quibble. The state attorneys general will
Banks dodge class-action lawsuits over foreclosure practices
Many people predicted a legal tsunami over banks' foreclosure practices. To some extent, that is playing out. Civil enforcement actions are a distinct possibility, lots of individuals have filed
Attorneys general seek 'cram downs'?
We've suggested that a huge wildcard in the on-going foreclosure fiasco is the response of the 50 state attorneys general. One outcome is that they will seek some sort of global settlement based on
What can a bank do to prove foreclosures are legitimate?
When it comes to reviewing the foreclosures cases at issue in the 23 judicial states, to what standard should banks be held? Is it reasonable to ask the bank to review every single case? Or will it
