Letter | Schneiderman Gets Support from Minnesota AG Lori Swanson

Foreclosure Deal Shouldn’t Waive All Claims, Official Says

Banks shouldn’t be protected from liability for mortgage securitization as part of a national foreclosure settlement, said Minnesota’s attorney general, joining other states voicing concern over the issue.

Any settlement shouldn’t release the banks from liability for the bundling of mortgages into securities or for the use of a mortgage registry known as MERS, Attorney General Lori Swanson said in a Sept. 9 letter obtained by Bloomberg News.

“The banks should not be released from liability for conduct that has not been investigated and is not appropriately remedied in any settlement,” Swanson wrote to her counterparts in New York and Iowa.

Rest here…

Full letter below…

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4closureFraud.org

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Swanson Letter to Schneiderman

Comments
2 Responses to “Letter | Schneiderman Gets Support from Minnesota AG Lori Swanson”
  1. Stanley Putra says:

    Bravo
    What is the matter with AG in WIS, Van Hollen?
    Stan
    Wis

  2. kravitz says:

    other other shoe dropping on Tom Miller.

    can you feel it. che-che-che-check this out. oh yeah. oh yeah!

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