The big investor group, which is represented by Houston lawyer KathyPatrick, claims that Schneiderman is just intervening belatedly to try to achieve borrower relief, such as mortgage modifications.
KathyPatrick, the lawyer for the institutional investors who negotiated the massive settlement, is behind three new legal filings made in federal courts, including a statement in support of the deal that points out that the vast majority of investors in soured mortgage-backed securities issued by Countrywide Financial through 530 trusts have chosen not to object to the settlement.