- Massachusetts Attorney General Martha Coakley slammed a private network used by lenders for loan trading as she launched a far-reaching probe into whether banks violated state property-recording laws during the housing boom — and broke foreclosure rules during the bust that followed.“From predatory loans to ‘robo-signing’ to servicing fraud, the banks continue to go merrily on their way while consumers, the real estate industry and the commonwealth of Massachusetts are being cheated,” Coakley told the Herald yesterday.
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