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Exclusive: New York claims more proof of bank mortgage abuses

Exclusive: New York claims more proof of bank mortgage abuses

(Reuters) – New York Attorney General Eric Schneiderman said there is mounting evidence thatBank of America Corp, Wells Fargo and Co and otherbanks violated the terms of a settlement designed to end mortgage servicing abuses.

Schneiderman – who has said he plans to sue Bank of America and Wells Fargo for failing to live up to their obligations under the deal – said other states had found similar problems.

“Several other states have identified similar recurring deficiencies by the participating servicers,” Schneiderman said in a letter dated May 23 to the monitor for the settlement, former North Carolina Banking Commissioner Joseph Smith. The letter was obtained by Reuters on Friday.

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