New York state attorney general Andrew Cuomo is making quite a name for himself in the US mortgage industry. In November 2007 he accused Washington Mutual, one of the largest mortgage lenders in the US, of being involved in a scheme to artificially inflate home value appraisals to secure mortgage loans.
Cuomo then subpoenaed government-sponsored mortgage enterprises (GSEs) Freddie Mac and Fannie Mae, demanding data on loans they bought from lenders including Washington Mutual. The subpoenas also
The week on Risk.net, July 7-13, 2018Receive this by email