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Items Tagged with 'Martha Coakley'

ARTICLES

Massachusetts sues FHFA, Fannie and Freddie over foreclosure buybacks

Alleges GSEs violate state’s buyback rules
Ben Lane
Several weeks ago, Massachusetts Attorney General Martha Coakley sent a letter to Mel Watt, the director of the Federal Housing Finance Agency, saying that her office was considering legal action against the FHFA over violations of state laws allowing nonprofits to buy foreclosures and return them to the evicted homeowner. And now, Coakley hopes actions will speak louder than words.
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Massachusetts AG threatens to sue FHFA over buyback law

GSEs in violation of law designed to keep homeowners in homes
Ben Lane

“Our office is considering all available legal avenues, including litigation, to ensure compliance with Massachusetts law, should FHFA fail to promptly amend its policies to allow Fannie Mae and Freddie Mac to participate in credible buyback programs,” Massachusetts Attorney General Martha Coakley said in a letter to FHFA Director Mel Watt.


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State AGs ask Supreme Court to keep disparate impact alive

Legal theory allows lending discrimination suits to survive without intent
Kerri Ann Panchuk
A recent lending discrimination case settled in Massachusetts illustrates why state attorneys general are pushing to keep the legal theory of 'disparate impact' alive as they pursue Fair Housing Act discrimination claims. But the lending community is pushing back just as hard, taking the fight all the way to the U.S. Supreme Court.
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Massachusetts AG sets up foreclosure revitalization grant program

Kerri Ann Panchuk
Massachusetts Attorney General Martha Coakley rolled out a $1 million grant program to restore bank-owned properties leftover from the housing bust to eventually shift them back...
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Two AGs attack DeMarco in news publication

Megan Hopkins
Massachusetts Attorney General Martha Coakley and fellow AG Eric Schneiderman out of New York bashed FHFA leader Ed DeMarco in a Politico article Tuesday. The gist...
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Attorneys general call for DeMarco's replacement

Christina Mlynski
Prominent state attorneys general are calling on Capitol Hill to remove Ed DeMarco, the acting director of the Federal Housing Finance Agency, urging for a new...
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Attorneys general request extended tax relief for distressed homeowners

Megan Hopkins
[Update 1] Adds comments from Nevada Attorney General Catherine Cortez Masto and that the effort includes 41 AGs.  Four attorneys general are leading the fight to...
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MA, NY attorneys general launch foreclosure prevention programs

Justin T. Hilley
Two high-profile attorneys general revealed how they will use part of their respective state’s portion of the $25 billion national mortgage servicing settlement.On Wednesday, Massachusetts Attorney...
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Democratic attorneys general push FHFA on GSE principal reduction

Justin T. Hilley
Eleven Democratic attorneys general sent a letter Thursday to the Federal Housing Finance Agency arguing for swift implementation of principal reduction on Fannie Mae and Freddie...
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Schneiderman, banks agree on $25 million MERS deal

Andrew Scoggin
The nation's five biggest banks will pay $25 million to the New York attorney general's office to settle certain claims related to the use of Mortgage...
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