AG Schneiderman’s Foreclosure Lawsuit and Housing Counseling
METROFOCUS
October 2, 2012
Contact: Kirsten E. Keefe, (518) 462-6831
New York State’s Attorney General has sued one of the big Wall Street banks for its role in the subprime mortgage crisis which led to the Wall Street meltdown.
In the first lawsuit of its kind, AG Eric Schneiderman claims that Bear Stearns, which was later purchased by JP Morgan Chase & Co., is guilty of a pattern of deceit in its evaluation of mortgage backed securities.
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