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Attorneys General, Frustrated With National Foreclosure Settlement, Consider Alternate Course

Tue, 01/17/2012 - 20:57 — Dave Culver
Section(s): 
Business
Law & Justice

The participating attorneys general or representatives from California, Nevada, Delaware, Massachusetts and New York, Hawaii, New Hampshire, Missouri, Mississippi, Maryland, Kentucky, Minnesota, Oregon, and Montana discussed how they could possibly join together to investigate and potentially file lawsuits against abusive mortgage lenders and servicers.

Loren Berlin, Huffington Post

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Attorneys general or representatives from nearly 15 states met in Washington, D.C., on Tuesday (Jan 10) to discuss and share different enforcement options and strategies around various mortgage-related issues, according to sources familiar with the conversation.

The meeting was prompted by the slow pace at which a national foreclosure settlement led by the Obama administration is progressing, and is likely to be the first in a series, said these sources.

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