SMITH BRAIN TRUST -- Newly confirmed U.S. Attorney General Loretta Lynch has a strong record for going after mortgage fraud, says Cliff Rossi, professor of the practice at the University of Maryland’s Robert H. Smith School of Business. He anticipates that Lynch will reinforce predecessor Eric Holder’s actions to hold lenders accountable for their role in the 2008 financial crisis. Rossi, who recently testified to Congress about making the FHA a better risk manager, says Lynch’s tenure as U.S. attorney in Brooklyn is telling. “Given her background and some of the mortgage-fraud cases that she’s prosecuted up in New York, I would expect that she’s not going to back away from what’s already on the table,” Rossi says today in Bloomberg Business. Read more...
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