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AGs Team Up to Investigate Mortgage/Foreclosure Fraud

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(Sacramento, CA)
Tuesday, December 6, 2011

Nevada Attorney General Catherine Cortez Masto and California Attorney General  Kamala Harris say by working together their two offices will more effectively prosecute cases, especially against people who broke the law in both states.  Harris says theirs is a very broad mandate.

HARRIS: 'Look at all of the activities that were part of the origination of sub-prime loans, the scams and frauds, that were, as we have discussed, basically were preying on the borrowers were in distress."

Harris says the two states have already subpoenaed millions of documents.  California has been investigating Fannie Mae and Freddie Mac. Nevada and California have led the nation in per capita foreclosures for 58 consecutive months, according to the real-estate service Realty Trac.
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