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Mass. AG won't sign off on any settlement that shields banks from future mortgage liability
NEW YORK (AP) ' Massachusetts Attorney General Martha Coakley said on Monday that she will not sign on to any agreement between attorneys general and the big banks if it includes releasing them from future liability related to mortgage securitization.
Coakley's stance throws a wrench into a settlement that has been in the works for weeks between attorneys general in all 50 states and banks for weeks. Coakley and several other attorneys general believe such a release would hamper their investigation into banks' mortgage practices.
Coakley is asking state registers of deeds for information about suspect mortgage paperwork. Last week, the Associated Press reported that county officials in Massachusetts and other states continue to receive mortgage documents with questionable signatures. Forged signatures on mortgage affidavits led to a temporary halt to foreclosures last fall.