Press Conference, 5/6/24: Study Reveals Illegal Home Mortgage Scam Pattern

Judge's gavel and two books on a wood surfaceOn May 6, 2024, the Massachusetts Alliance Against Predatory Lending (MAAPL) convened a press conference and release of a study that reveals a scam affecting homeowners across Massachusetts who are facing foreclosure or have been foreclosed on. The event took place in Brockton, MA at the Main Street entrance to the Courthouse and was also streamed live on Zoom.

The press release announcing the press conference and study is below.

Download a copy of the Press Release ( PDF )


Homeowners: “We know how mortgage lenders scammed us, regulators and our courts!”

Today, Brockton, MA, 11 AM, Main Street entrance to the Courthouse

“When I won in front of the Massachusetts Supreme Judicial Court, I told them I had been
tricked into too much debt and not enough house. Today, to share a report that shows, not only how I have been scammed, but how the Housing Court judges I have been in front of have been scammed, and the entire state has been scammed. Tens of thousands of us went to get one mortgage loan, but the underwriting was illegally split into two or more loans to avoid the government regulators that would have found that underwriting prohibited, illegal, and could have shut the banks down for those illegal patterns and practices,” said Mr. Tommy Morris, Brockton resident known for his win in HSBC Bank as Trustee v. Morris, 490 Mass. 322 (July 22, 2022).

“Today, we release proof of one of the key scams that led to the historic foreclosures of homes, still ongoing to date: the 1990 Massachusetts Attorney General, the Division of Banks and the Massachusetts Legislature were right about the onslaught of system-wide predatory lending practices and our courts have gotten it wrong for 20 years. The Commonwealth’s courts, thereby, have been allowing what the other branches of our government recognized needed aggressive review and enforcement: a deluge of illegal foreclosures on tens of thousands of Massachusetts residents by the predatory home mortgage industry,” explained Grace Ross, Coordinator, Mass. Alliance Against Predatory Lending, “We are in Brockton because this City was targeted and this entire historic rate of foreclosures and personal and financial damage was not only predictable, but actually predicted and outlawed and the Industry got around it.”

Press Conference Wednesday, May 6, at 11:00 am, Brockton Courthouse AND Zoom.

The Brockton Foreclosure Fighter’s homeowners (damaged by prohibited predatory lending), Grace Ross(1) and Dr. Gbetonmasse Somasse(2) publicly presented the results of a pilot study that has been presented for peer review, but not yet published in a peer reviewed journal. They told stories of personal damage and called on the MetroSouth Housing Court judge, scheduled for noon hearing in the Courthouse in the Morris case to wake up and smell the fraud on him as well as the Morrises, tens of thousands of Massachusetts homeowners and whole communities like Brockton.

The Brockton-specific initial study provides evidence that the lenders have engaged in practices that had been identified to be effective in avoiding regulatory oversight in what has traditionally been one of the most regulated areas of U.S. society, that is, the banking industry; the study demonstrates conclusively that these practices were used to avoid that very extensive regulatory oversight. A historic level of damage has been done, by predatory mortgaging first targeting communities of color, borrowers of color, female heads of household and Brockton, which, as the first community in Massachusetts to go majority-minority, may have been and is still being its greatest victim.

1 Coordinator, Mass. Alliance Against Predatory Lending
2 Associate Professor, Worcester Polytechnical Institute


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
This entry was posted in MAAPL in the News, Take Action! and tagged , , , , . Bookmark the permalink.