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Iowa AG: Banks may face criminal liability after robo-signing settlement

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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 12:15 PM
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Iowa AG: Banks may face criminal liability after robo-signing settlement
The letter signaled Miller would be leaving it up to each AG whether they want to sign onto the agreement, whenever it comes. It's been nearly one full year since the AGs launched the investigation when evidence of forged foreclosure documents began to emerge last year.

Schneiderman said he wants to take the investigation further, to pursue the banks for mishandling securitization documents as well. Miller said Schneiderman is not the only AG who shares this view. He added the final settlement will be as narrow as possible.

"Let's assume that Attorney General Schneiderman deems the final release as too broad in some manner," Miller wrote. "The remedy for this is simple: all Mr. Schneiderman has to do is decline to sign on to the settlement."

http://www.housingwire.com/wp-content/uploads/2011/09/2...
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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 12:16 PM
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1. May? How about "must" there buddy, you're a freaking AG after all
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 12:24 PM
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2. Shhhhhhhhhhhhhhhhhhhhhh! n/t
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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 01:17 PM
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3. No kidding
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