New York attorney general to lead 'risky mortgages' team

(CNN) – New York Attorney General Eric Schneiderman will head a task force to investigate housing practices, a senior administration official said early Wednesday.

During Tuesday night's State of the Union address, President Barack Obama said he was asking U.S. Attorney General Eric Holder to create a special unit made up of prosecutors and state attorneys general to "expand our investigations into the abusive lending and packaging of risky mortgages."