Breaking News: Report Reveals 5 Megabanks Violating AG Settlement Agreement

The NEWS has been broken: an investigative report by our partner, GoLocalWorcester, reveals that affidavits by the 5 megabanks that signed the settlement with the Attorneys General and Federal agencies are STILL robosigning even though in their legally binding reports to the Settlement Monitor they said they were signing ALL affidavits based on personal knowledge as of July 5, 2012.

Read the full story here on GoLocalWorcester.com! They also have posted a background article with a timeline of the events leading to the foreclosure crisis and the national settlement with these banks.

MAAPL will definitely be following this story closely, and will post updates as they are available.

About MAAPL

The Mass. Alliance Against Predatory Lending (MAAPL) is a coalition of over 60 housing counseling agencies, legal services groups, social service agencies, and community-based social action groups that have joined together to address the foreclosure crisis in Massachusetts.

MAAPL collects and distributes timely information on the foreclosure crisis and its effects to the public and to its member groups, drafts and supports legislation that provides important protections to homeowners and tenants facing foreclosure and eviction, documents the impact of the foreclosure crisis on local communities, networks with related organizations throughout the Commonwealth, and provides tools and information to help people navigate the legal system and advocate on their own behalf more effectively when challenging a foreclosure or eviction in court

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