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