Attorney General Martha Coakley today announced a lawsuit against five large banks and mortgage companies, alleging they falsified documents, seized property they had not right to, lied to borrowers about refinancing programs and attempted to circumvent state property registration laws by using a private clearinghouse - which is also named in the complaint.
The suit, filed in Suffolk Superior Court, names Bank of America, Wells Fargo, JP Morgan Chase, Citi, GMAC and the Mortgage Electronic Registration System.