NY AG, FHFA Inspector To Share Info In Mortgage Probe

Law360, New York (December 19, 2011, 8:15 PM EST) -- New York Attorney General Eric T. Schneiderman on Monday reportedly reached an agreement to cooperate with federal regulators in an investigation of banks' practices in putting together mortgage-backed securities during the housing bubble.

Schneiderman — who, along with Delaware Attorney General Beau Biden, opened a criminal probe into banks' mortgage practices after backing out of a proposed $25 million settlement brokered by a coalition of state attorneys general and federal officials — has agreed to share information with the office of Steve Linick, the inspector general...
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