Disenchanted with the lack of progress made after a year of negotiations between state attorneys general and the nation’s five largest mortgage servicers, Massachusetts Attorney General Martha Coakley has split from the pack and filed her own individual lawsuit. Coakley is suing Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC for what she says were “illegal foreclosures.” The suit also names Mortgage Electronic Registration System, Inc. (MERS) and its parent company as defendants.
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