Abigail Field Finds Smoking Gun on BofA Securitization Fraud

HUD Secretary Shaun Donovan told the LA Times today that a settlement between top banks and state and federal regulators on foreclosure fraud would be inked in "a matter of weeks." HUD has been pretty close to the settlement talks, so I don't totally doubt him, though I'm wondering exactly how many Attorneys General they expect to sign on to a deal, with Republican AGs distancing themselves and Democratic AGs undertaking their own investigations. Interestingly, Tom Miller's chief spokesman contradicted Donovan quickly after the LAT published, saying "While we certainly hope we can reach a settlement in a matter of weeks, we don?t know how long it will take."

Source: http://feedproxy.google.com/~r/firedoglake/fdl/~3/pufFKegjOaA/

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