Some Attorney Generals Side With Banks in Talks on Foreclosure Abuses

The rampant lawlessness of banks and mortgage servicers around foreclosures and mortgage modifications is now well known. Investigations and lawsuits in multiple states have turned up a mountain of damning evidence of how the banks and servicers have fabricated crucial documents and routinely lied to home owners in ways that have had devastating financial consequences. 

State attorney generals nationwide have been moving ahead individually with suits against a range of wrongdoers. But years of uncoordinated litigation can be avoided if the attorney generals can agree on a giant deal with top banks to halt their abusive practices and pay a substantial penalty for their actions.

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