The Broader Market

by Janneke Ratcliffe, Alon Cohen and Jordan Eizenga

Talk about critical timing. President Barack Obama’s newly formed mortgage crisis working group within the Department of Justice is charged with investigating fraud in the home mortgage market that led to the housing and financial crises and the Great Recession. The new group will begin its work just as state attorneys general from around the country are reportedly about to finalize negotiations with the nation’s leading mortgage servicers over a settlement for misconduct in the wake of the housing market collapse.

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