Who Advised Cuomo on Mortgage Industry Investigation? A Mortgage Lobbyist

ProPublica Staff

NY, NY, United States (ProPublica) – by Justin Elliott

A version of this story was co-published with the Albany Times-Union.

In early 2007, when he was New York State attorney general, Andrew Cuomo brought on a longtime confidant as a consultant on mortgage industry investigations, a move that has gone undisclosed until now.

The friend was Howard Glaser and he had another job at the same time: consultant and lobbyist for the very industry Cuomo was investigating.

Glaser, who went on to become a top state official in Cuomo’s gubernatorial administration, was operating a lucrative consulting firm, the Glaser Group, with a host of mortgage industry clients.

Later that year, Glaser provided insights on Cuomo’s investigations to industry players on a conference call hosted by an investment bank.

Cuomo’s office ended up giving immunity to one of Glaser’s clients a year into his term as attorney general.

In the end, experts say, the mortgage investigations Cuomo touted as “wide-ranging” came to little, even as he held one of the country’s most powerful prosecutorial positions through the financial crisis and its aftermath.

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