Coakley Suing Five Major Banks Over Foreclosure Practices

NEW YORK (AP) — Massachusetts is suing five major banks including Bank of America Corp. and JPMorgan Chase & Co. over deceptive foreclosure practices.

The lawsuit also names Wells Fargo & Co., Citigroup Inc., and Ally Financial. It was filed in Massachusetts Wednesday by Attorney General Martha Coakley.

The complaint also names Mortgage Electronic Registration System, Inc. and its parent company as defendants.

The lawsuit is seeking redress for what Coakley calls “unlawful and deceptive” conduct in the foreclosure process, including unlawful foreclosures, false documentation, robo-signing, and deceptive practices related to loan modifications.

Copyright 2011 The Associated Press.

Comments

One Comment

  1. Donald Thibaud says:

    I”ve been trying to get help from bank of amreica for three years,I”m still waiting for a call back. Is there anything I can do.

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Summer of Savings
Download Weather App

Listen Live