Mass. AG Sues JPMorgan, BofA, Others Over Foreclosures

Law360, New York (December 1, 2011, 2:43 PM EST) -- Massachusetts Attorney General Martha Coakley on Thursday sued the country's largest banks, including JPMorgan Chase Bank NA and Bank of America NA, over allegedly deceptive mortgage servicing and foreclosure practices like robo-signing, saying they dragged their feet for too long in nationwide negotiations.

Coakley and attorneys general from other states have been in negotiations with the banks and federal officials to reach a resolution to the banks' acknowledged failures with robo-signing, in which a servicer's staff members sign affidavits saying they reviewed loan documents when they...
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