38 Questions | As Mortgage Settlement Deal Nears, Nevada AG Raises Important Concerns
As Mortgage Settlement Deal Nears, Nevada AG Raises Important Concerns
As the Obama administration, state attorneys general and the nation’s biggest banks close in on a settlement over allegations of widespread mortgage fraud, Nevada’s attorney general is pushing back with concerns and questions. Meanwhile a Feb. 3 deadline looms for states to declare whether they are joining the settlement.
In a letter emailed Monday to federal officials and obtained by The Huffington Post, Nevada’s attorney general, Catherine Cortez Masto, asked 38 questions referencing a variety of concerns, including fears that states would play second fiddle to the federal government in making decisions. She also questioned if the states would lose their ability to pursue certain types of lawsuits against banks and whether the states would get their fair share of the housing assistance for their borrowers.
In her letter, Masto asked, “What would happen if all of the state attorney general representatives had one view and the federal agencies disagreed.”
Rest from the Huffington Post here…
Copy of Masto’s letter below…