The Massachusetts Attorney General prolongs the pain for homeowners

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Massachusetts Attorney General prolongs the pain for homeowners

Massachusetts Attorney General prolongs the pain for homeowners

WSJ-

It’s been four years since the housing bust began, and some Democrats are fighting to keep it going. That’s the message out of Massachusetts, where Attorney General Martha Coakley is layering on more uncertainty for the mortgage industry with a lawsuit that’s already driven one company to roll back its business in the state.

Ms. Coakley unveiled her case recently against Bank of America, J.P. Morgan Chase, Citigroup, GMAC Mortgage, Wells Fargo and the electronic clearinghouse Mortgage Electronic Registration System (MERS). She claims they engaged in “unfair and deceptive foreclosure practices” and “false documentation practices,” deceived borrowers about the availability of loan modifications and failed to comply with a state property-registration statute.

[WALL STREET JOURNAL]

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5 Responses to “Massachusetts Attorney General prolongs the pain for homeowners”

  1. Dave Krieger says:

    This mess will clear up when people refuse to sign new MERS mortgages and take their banking business away from the major banks and give it to the smaller state banks and credit unions. Banks are like children … you give them an inch and they take a mile!

  2. angry& NOT TAKING IT! says:

    thanks martha wish we had more like you.
    gotta love the talkin heads,pundit,&bank whores,
    yes it must be Ms Cloakly that is prolonging the vampires existence ,fuck em break out the HOLY WATER!!!!
    stop paying now & occupy your homes!!

  3. angry& NOT TAKING IT! says:

    i always liked her,she sue fremont Investment & loan & kicked their ass!
    read the comments of the ghosts over at WSJ site..how pathetic .

  4. papergate says:

    Does anyone have this article – I am not a WSJ subscriber and have no plans to become one just to read one article . . . If this website benefits from becoming a subscriber then I would gladly consider it. Otherwise, please indicate when we cannot read an article due to subscriber restrictions in advance. Let us know if DinsFla will benefit from a WSJ subscription – I’ll subscribe so I can resume reading the article. Thanks!

  5. Dawn says:

    Papergate I feel the same way, what is the deal can this be posted for free elsewhere, I would rather donate my money that I don’t have to support the supporters of foreclosure protests.

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