''The government and the mortgage industry are now engaged in a race to amass teams of attorneys over upcoming securities investigations and charges''

"The Justice Department and New York Attorney General Eric Schneiderman said last week they would coordinate with other state AGs in a wide-scale investigation into possible mortgage-backed securities fraud. Already 11 banks received subpoenas.

"With Connecticut and Delaware participating on the government side, Schneiderman said last week his task force will have jurisdiction over every MBS issued in the past decade."


from housing wire...