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Tuesday, February 7, 2012

''Proposed settlement with banks over foreclosure practices dealt a setback''

"From the time he took office in January 2011, Schneiderman insisted that any robosigning settlement with banks should not grant a legal release from separate claims over how they bundled and sold mortgages to investors, a process known as “securitization.” Rather, he argued in favor of a more comprehensive investigation of mortgage-related misdeeds aimed at reaching a larger settlement with banks down the line."


from wapo...

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