Prof. Cox Quoted in The Daily Beast on Settlement Negotiations

Professor Prentiss Cox was quoted in The Daily Beast about the dispute between New York Attorney General Schneiderman and a group of attorneys general led by Iowa Attorney General Tom Miller. The attorneys general are focused on settlement negotiations with the largest financial institutions involved in mortgage servicing activities. Cox was quoted on the difficulties with expanding the negotiations to include secondary market parties. He also noted that the attorneys general action was necessary only because of the failure of the Obama administration to engage with the problems of foreclosed homeowners.