Cuomo, AG Break Bitter Impasse on Settlements

ALBANY -

Gov. Andrew Cuomo and Attorney General Eric Schneiderman agreed to spend the first $163 million from New York’s share of the national settlement with JPMorgan on mortgage relief and housing programs this year, breaking an impasse that has veered into personal attacks, The Associated Press reported. The first installment will be divided, with $81.5 million going to the state’s general fund and earmarked for use by the two housing agencies. The rest will be used by the attorney general for mortgage relief.