State Attorney Generals Schneiderman and Coakley Call for DeMarco to Go

By: Wednesday April 3, 2013 2:00 pm

New York Attorney General Eric Schneiderman and Massachusetts Attorney General Martha Coakley have called for Federal Housing Finance Agency head and notorious Wall Street puppet Edward DeMarco to be removed from office.

In an op-ed in Politico, Schneiderman and Coakley join a long line of critics noting DeMarco’s commitment to screwing homeowners.

 

Foreclosure Fraud Settlement Update: Checks to Victims, Servicing Standards, Ongoing Lawsuits

By: Friday September 28, 2012 6:00 am

A number of states have announced that they are sending out claim forms to foreclosure victims who are eligible for a one-time cash payment under the foreclosure fraud settlement. $1.5 billion has been earmarked for roughly 750,000 homeowners (depending on takeup) who were foreclosed upon between Jan. 1, 2008, and Dec. 31, 2011, by one of the Big Five servicers in the settlement (Bank of America, JPMorgan Chase, Wells Fargo, Citi and GMAC/Ally). The plan is to pay out the claims in mid-2013.

If this works and they get the target of 750,000 responses, then the payout will amount to $2,000 “sorry your home was stolen” checks.

Massachusetts Politicians Show Little Interest in Fighting Marijuana Reform

By: Thursday July 26, 2012 4:15 pm

I find this article in the Boston Herald a very interesting reflection of how quickly the politics of marijuana have changed in just the past few years. The back story is that in 2008 Question 2, a ballot initiative to decriminalize marijuana possession, made it on the ballot in Massachusetts. The measure was actively opposed by many district attorneys, the Attorney General and the Governor. Despite the opposition from top politicians in the state it ended up passing with an incredible 65.2 percent yes vote, garnering even more votes that President Obama.

Ally Comes Crawling Back to Massachusetts

By: Thursday March 15, 2012 2:20 pm

Remember after Martha Coakley sued leading banks for illegal foreclosures in Massachusetts, when Ally Bank, one of the market leaders, stopped most of their lending in the state in a fit of pique? They actually only dropped their correspondent lending business, where a smaller bank does the origination and they pick up the loan later. They always continued direct lending to homeowners in Massachusetts. The entire enterprise was a bullying attempt to create bad headlines for Coakley and perceived repercussions for her actions.

Now, three months later, Ally has quietly returned to even the correspondent lending business.

MA AG Coakley Lawsuit Against Banks Ripped to Shreds in Settlement

By: Thursday February 9, 2012 6:31 pm

So here’s one lagging mystery about the foreclosure fraud settlement: what becomes of Massachusetts AG Martha Coakley’s lawsuit against five banks over deceptive practices and illegal foreclosures? Now we know.

Justice Democrats Still Angling for Changes in Foreclosure Fraud Settlement Deal

By: Tuesday February 7, 2012 8:45 am

The deadline for state Attorneys General to sign on to the foreclosure fraud settlement came and went yesterday, and the major holdouts – the Justice Democrats, the AGs from the five states who have objected to the settlement all along (Nevada, New York, California, Delaware, and Massachusetts), still aren’t signed on. And they’re still objecting, or at least bargaining.

Report: Massachusetts, Nevada Would Have to Give Up Foreclosure Fraud Suits to Join Deal

By: Monday February 6, 2012 11:20 am

Last week it seemed Eric Schneiderman’s suit against MERS and three banks using MERS represented a carve-out on the final foreclosure fraud settlement. There was speculation that other states might have carve-outs or grandfathered suits, so they would be able to pursue those investigations and prosecutions and still join the settlement. But Bloomberg reports today that some states with active lawsuits would have to settle them as part of the deal.

Justice Democrats Still Holding Out on Foreclosure Fraud Settlement

By: Tuesday January 24, 2012 10:00 am

The New York Times describes the foreclosure fraud settlement in terms of inches. They say that a deal is “closer,” but they give little evidence to back that up. In fact, there’s more evidence here that the key AGs involved, who did not personally attend Monday’s session in Chicago with Shaun Donovan and other Administration officials, aren’t too keen on the terms.

Knives Come Out Against Martha Coakley, Who Dares Try to Hold Banks Accountable

By: Thursday December 8, 2011 5:19 pm

It was inevitable that some apologist would claim that Martha Coakley actually holding banks accountable for following the law would stunt the nation’s recovery and cause us all to queue up on soup lines. That ignominious honor goes to Liz Peek of the Fiscal Times (a Fox News contributor). I apologize in advance for the fifth-grade writing level of this excerpt.

Inside the Coakley Foreclosure Fraud Lawsuit

By: Thursday December 1, 2011 3:15 pm

Simply put, Coakley seeks penalties for “unfair and deceptive practices” in violation of state consumer protection laws, in particular the Massachusetts Consumer Protection Act.

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