(Source: Boston Herald By Jerry Kronenberg) – Massachusetts Attorney General Martha Coakley slammed a private network used by lenders for loan trading as she launched a far-reaching probe into whether banks violated state property-recording laws during the housing boom — and broke foreclosure rules during the bust that followed.“From predatory loans to ‘robo-signing’ to servicing fraud, the banks continue to go merrily on their way while consumers, the real estate industry and the commonwealth of Massachusetts are being cheated,” Coakley told the Herald yesterday.

“The inability to get a handle on the instability in the real estate market continues to affect Massachusetts and the entire national economy,” she said.

Source: Boston Herald By Jerry Kronenberg

Tuesday, July 26, 2011

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