WSJ:
New York Attorney General Eric Schneiderman has opened an investigation into the packaging of mortgage loans into securities, in the latest sign of increased scrutiny of the mortgage industry.
Mr. Schneiderman will hold meetings with executives of several major banks, including Bank of America Corp., Morgan Stanley and Goldman Sachs Group Inc., according to people familiar with the investigation. He intends to discuss securitization of mortgage loans and other mortgage practices, these people said, and has requested related documents from the firms.
Spokesmen for Bank of America, Goldman Sachs and Morgan Stanley declined to comment.
No comments:
Post a Comment