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Banks To Pay $123 Million for Unlawful Foreclosures Against Servicemembers

Banks Were Committing Unlawful Foreclosures Against Servicemembers While They Were Busy Defending Our Freedom    The Justice Department announced today that under its settlements with five of the nation’s largest mortgage servicers, 952 service members and their co-borrowers are eligible to receive over $123 million for non-judicial foreclosures that violated the Servicemembers Civil Relief Act […]

MA AG Martha Coakley Gets OK To Put Harmon Law Under Microscope

Jenifer McKim, Boston Globe Massachusetts Attorney General Martha Coakley on Monday applauded a state Appeals Court decision that gave her permission — once again — to investigate a Newton law firm specializing in home foreclosures. The recent unanimous court ruling affirmed a 2011 Suffolk Superior Court decision allowing Coakley’s office to continue examining Harmon Law Offices for […]

Surprise! Surprise! Surprise! Banks Fail To Comply With Foreclosure Settlement

Alan Pyke, Think Progress Four of the nation’s largest banks are still failing to play straight on mortgage modification applications, which violates the terms of a 2012 settlement over wrongful foreclosures, the independent monitor of the settlement reported Thursday. The results of the monitor’s tests to verify whether banks were complying with the settlement reinforce […]

5 Banks Accused of Fraudulent Foreclosures in MA

Ashley Klann; Anthony Faccenda, Researcher; and GoLocal Editors Adam Joseph Drici, Dan McGowan, and Tracey Minkin, GoLocalWorchester Five of the nation’s largest banks are now violating an agreement with the federal government in Massachusetts, according to an investigation of local foreclosure affidavits conducted by GoLocalWorcester. The investigation involved nearly 200 affidavits from Ally, Bank of […]

JPMorgan CEO Pushes Fiscal Cliff Compromise As The Bank Lobbies For Tax Breaks

Catherine New, Huffington Post Jamie Dimon, JPMorgan Chase’s chief executive, has been out front among Wall Street chiefs in supporting higher tax rates on individual taxpayers as a way to avert the fiscal cliff. In fact, Dimon has even said that he’d be willing to pay higher taxes on his own income, which was around $23 million […]

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