New York Said to Broaden Mortgage Probe With Delaware
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New York has broadened its probe of the U.S. mortgage industry, requesting information from additional financial institutions as part of an investigation into the way mortgages were bundled and sold to investors, two people familiar with the matter said.
New York Attorney General Eric Schneiderman’s office requested documents from Deutsche Bank AG and Bank of New York Mellon Corp., which act as trustees for mortgage-bond trusts, said one of the people. Between five and 10 trustees are being asked to provide information, said the person, who declined to be identified because the matter isn’t public.