Attorney General Eric Schneiderman has expanded his investigation into mortgage securitization by adding 3 banks - JPMorgan, UBS, Deutsche Bk - and 4 bond insurers - Ambac, MBIA, Syncora Holdings, Assured Guaranty - with each receiving subpoenas.  Goldman Sachs Group, Bank of America, Morgan Stanley, and Royal Bank of Scotland Group were already part of the probe.

Mr. Schneiderman seek information on claims paid out during and after the economic crisis and any information or documents related to litigation or settlements with the banks. 

    50-State Probe.   Federal regulators and all 50 state attorneys general are scrutinizing how the biggest U.S. financial firms handle home loans.  Last month, as states coordinated settlement talks with banks over foreclosure practices, Schneiderman said that any joint accord shouldn’t preclude individual states, such as New York, from continuing their own inquiries.

In April, Bank of America was among 14 of the largest U.S. mortgage servicers that signed consent decrees with authorities including the Federal Reserve to improve foreclosure methods. The firms promised to conduct reviews, overhaul procedures for loan modifications and refinancing and pay back homeowners for losses from home seizures that were mishandled.    [Bloomberg, 4/24/11]