Saturday, December 3, 2011

Massachusetts Sues Wells & MERS

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. were among five banks sued by Massachusetts for allegedly conducting unlawful foreclosures and deceiving homeowners, Bloomberg News reported yesterday. Massachusetts Attorney General Martha Coakley filed the lawsuit yesterday against the three banks, as well as Wells Fargo & Co. (WFC) and Ally Financial Inc., accusing the banks of engaging in unfair and deceptive trade practices in violation of state law. http://www.bloomberg.com/news/print/2011-12-01/ma-sues-bofa-citi-jpmorgan-ally-wells-fargo.html and MERS


http://www.dsnews.com/articles/massachusetts-sues-five-largest-servicers-and-mers-2011-12-01


MASS Complaint

http://www.mass.gov/ago/docs/press/ag-complaint-national-banks.pdf