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2012 Arizona Attorney General Reports and Opinions 1 (2012)

handle is hein.sag/sagaz0100 and id is 1 raw text is: OFFICE OF A TTORNE Y GENERAL TOM HORNE ANNUAL REPORT FY 2012 Executive Summary Editors Note: The following is a summary of the FY 2012 accomplishments of the Arizona Attorney General's Office. Full reports from divisions and sections are available in the attached appendices. Appendix references are contained in this summary under Section and Unit headings in bold. The historic National Mortgage Settlement, aggressive drug enforcement actions and Arizona's role in several historic U.S. Supreme Court decisions are among the highlights of Fiscal Year 2012 in the Arizona Attorney General's Office (AGO). Attorney General Tom Horne continued to pursue a robust agenda in FY 2012, and among the accomplishments was the prominent role played by the Arizona Attorney General's Office in the National Mortgage Settlement. Attorneys and other legal professionals from this office were instrumental in the overall development of the national settlement in recognition of the effects of the mortgage crisis in Arizona, as well as the expertise the AGO staff brought to the process. Arizona received more than $1.6 billion as its share of the landmark $25 billion joint federal- state agreement with the nation's five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide residential mortgage servicing practices. Arizona's estimated total share of the settlement is $1.6 billion: * $1.3 billion principally for principal reduction, but also including a menu of other relief to homeowners 1