Big News for Florida Finance with Gretchen Morgenson's NYT Expose: Obama Admin Wants to Block Individual State Investigations Into ForeclosureGate

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On Tuesday, Pultizer-Prize winning journalist Gretchen Morgenson's article "Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal," was published in the New York Times and the next day, the New York Times published its editorial,"It's a Flawed Settlement," opining that the New York AG should persevere in his fight against this deal getting done.

The firestorm this has sparked is still spreading across the country.

Why? It may end up being the death knell to the national attorneys general ForeclosureGate settlement with the nation's biggest mortgage lenders - which would have a significant impact on Florida.

Please see full article below for more information.

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Published In: Administrative Agency Updates, General Business Updates, Elections & Politics Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Rosa Eckstein Schechter, Eckstein Schechter Law | Attorney Advertising

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