The Massachusetts Attorney General, Martha Coakley, has filed a lawsuit against several banks and MERS “for the banks’ unlawful and deceptive conduct in the foreclosure process, including unlawful foreclosures, false documentation and robo-signing, MERS [mortgage electronic registration systems], and deceptive practices related to loan modifications,” according to a news release on December 1, 2011.

The Attorney General alleges the Attorney General alleges these five entities engaged in unfair and deceptive trade practices in violation of Massachusetts’ law by:

  • Pervasive use of fraudulent documentation in the foreclosure process, including so-called “robo-signing”;
  • Foreclosing without holding the actual mortgage (“Ibanez” violations);
  • Corrupting Massachusetts’ land recording system through the use of MERS;
  • Failing to uphold loan modification promises to Massachusetts homeowners.”

This quote was taken directly from the AG’s website at (last visited December 5, 2011).  More details about the lawsuit can be found here.