Industry News

Wall Street firms queried in New York mortgage probe

Cuomo investigating appraisals, loan securitizations
Published on Dec 5, 2007

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by CareyBot

New York Attorney General Andrew Cuomo has reportedly subpoenaed Wall Street firms that securitized risky mortgages during the housing boom, as part of an ongoing investigation of lending practices. Cuomo’s office has issued subpoenas to Merrill Lynch & Co, Bear ...