UFAN: Massachusetts Attorney General Suit Against the Major Banks Seen as a Positive Sign for Beleag
UFAN: Experts caution, however, that any settlement must be designed with actual help for borrowers in mind. Roseville, California (PRWEB) December 16, 2011 In what came as a major development in the fight against mortgage fraud, on December 1, 2011, the Massachusetts Attorney General filed a suit against five of the major mortgage lenders, the LA Times reports. The lawsuit alleges that Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Inc. and GMAC Mortgage used fraudulent documentation in the foreclosure processes, took back homes without showing they owne
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