Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Wednesday, December 5, 2007

New York AG Investigates Mortgage Underwriting Practices

The New York State Attorney General's Office sent subpoenas to several Wall St. firms, including Merrill Lynch, Bear Stearns and Deutsche Bank, seeking information relating to the packaging and selling of debt tied to high-risk mortgages.  The investigation is looking into the firms' underwriting standards, including the adequacy of their review of the quality of the mortgages, and their relationships with credit rating agencies.  WSJ, Wall Street Firms Are Subpoenaed.

http://lawprofessors.typepad.com/securities/2007/12/new-york-ag-inv.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54f96e15d8833

Listed below are links to weblogs that reference New York AG Investigates Mortgage Underwriting Practices :

Comments

Post a comment