You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Mass. AG Martha Coakley says lenders violating deal

Massachusetts Attorney General Martha Coakley said the country’s largest lenders are violating parts of a $25 billion national mortgage settlement meant to help stem foreclosures by offering financial assistance and improved loan servicing for homeowners here and elsewhere.

Among other issues, Coakley alleges US lenders are failing to offer help in a timely fashion, are sending borrowers inaccurate and confusing information, and have been denying them relief without specifying why. She detailed her complains in a recent letter to Joseph A. Smith Jr., who is in charge of overseeing the national mortgage accord reached last year between 49 attorneys general and five lending companies — Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., Citibank, and Ally Financial Inc.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week