New York Attorney General Eric Schneiderman renewed his work on behalf of investors in the $8.5 billion Bank of America mortgage backed securities settlement yesterday. He filed papers with the New York state Supreme Court, seeking to intervene in the case. He had made the same request last August before the case moved to federal [...]

CREDO, the online progressive organizing group, alleges in a new email to supporters that the Justice Department has not delivered the promised (and paltry) number of 55 staff members to the RMBS working group, the task force co-chaired by New York Attorney General Eric Schneiderman to investigate the mortgage securitization practices of the leading banks. [...]

Stephen J. Baum, the New York-based foreclosure mill law firm which drew attention last year after photos cropped up from a Halloween party featuring its employees dressed as homeless people, reached a settlement with the New York Attorney General Eric Schneiderman over the filing of unverified, unsubstantiated and outright fabricated documents with state courts. Under [...]

So Eric Schneiderman’s team is a little upset with me, I assume, over this post. I can only assume that, because I haven’t had any direct contact. But indirectly, I’ve heard accusations of “misinformation and outright misrepresentations” lodged at me. I guess I’m not on the good guys team to get a phone call anymore. [...]

One of the big claims by defenders of the foreclosure fraud settlement is that it’s just a down payment on future actions. The release was narrow enough that state and federal regulators can still hold the banks accountable for their crimes. Why, even some active lawsuits were carved out to allow state AGs to pursue [...]

We learned today that one prominent voice would not serve as staff director of the RMBS working group, the investigatory panel looking into securities fraud by the big banks. We don’t know who the working group will ultimately select. But Chris Whalen does give a theory as to how the working group, if Eric Schneiderman [...]

Congressman Brad Miller will not become the staff director of the celebrated working group investigating securities fraud by the big banks, according to a source close to the process. Miller was on progressives’ wish list to run the RMBS working group, which is co-chaired by Eric Schneiderman as well as members of the Department of [...]

Greg Sargent thinks the ad above shows that conservatives have lost the argument on Wall Street. I would say that, other than the fact that Tim Geithner didn’t actually work for Goldman Sachs, and the minor sin of omission about more money flowing this year from Wall Street to Mitt Romney, it’s mostly a factual [...]

There’s nobody who hates navel-gazing more than I, so I will try to dispense with this quickly. Glenn Thrush thinks I’m wrong to attribute the same perspective on Eric Schneiderman to Tom Miller, who dissed him on the record, and Shaun Donovan. Miller, who has clashed with Schneiderman over the terms of the releases with [...]

Whether you believe in Eric Schneiderman’s ability to deliver a legitimate investigation on mortgage securitization fraud or not, you have to admit that the united front on opposition to a settlement on foreclosure fraud collapsed the moment that he agreed to helm that federal investigatory task force. He immediately separated “pre-bubble” and “post-bubble” conduct, allowing [...]

I think I’ve made my position on the foreclosure fraud settlement pretty clear. Nevertheless, there’s a time to stew and a time to figure out how to make this work as well as possible. I think there are some tangible steps that can be taken, if not to improve the deal, then to improve housing [...]