{"id":1458,"date":"2014-06-02T20:03:28","date_gmt":"2014-06-02T20:03:28","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/06\/massachusetts_files_lawsuit_ag"},"modified":"2022-03-11T10:18:37","modified_gmt":"2022-03-11T16:18:37","slug":"massachusetts-files-lawsuit-ag","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/massachusetts-files-lawsuit-ag\/","title":{"rendered":"Massachusetts Files Lawsuit Against Fannie Mae, Freddie Mac, and FHFA"},"content":{"rendered":"

\t\t\t\tMassachusetts Attorney General Martha Coakley is suing Freddie Mae, and the Federal Housing Finance Agency because she says that they are not working with the nonprofits willing to repurchase bank-owned homes and then sell them back to their prior owners. Coakley is claiming violations of the state’s foreclosure prevention law.<\/p>\n

Under certain Massachusetts programs, nonprofits can now buy homes that belong to the bank at market value and then sell them to previous owners that qualify for financing at a new price that is lower than market value. The Massachusetts AG believes that the FHFA, Freddie, and Fannie are getting “in the way” of these sales. <\/p>\n

Coakley has pointed to the regulator’s policies, including one that won’t allow the two home mortgage companies to accept a price under the outstanding loan amount when houses are resold. Coakley says this is preventing families from getting their houses back. Meantime, FHFA has said that its policies protect taxpayers. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Massachusetts Attorney General Martha Coakley is suing Freddie Mae, and the Federal Housing Finance Agency because she says that they are not working with the nonprofits willing to repurchase bank-owned homes and then sell them back to their prior owners. Coakley is claiming violations of the state’s foreclosure prevention law. Under certain Massachusetts programs, nonprofits […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3753],"tags":[],"class_list":["post-1458","post","type-post","status-publish","format-standard","hentry","category-mortgage-backed-securities"],"yoast_head":"\nMassachusetts Files Lawsuit Against Fannie Mae, Freddie Mac, and FHFA — Investor Lawyers Blog — June 2, 2014<\/title>\n<meta name=\"description\" content=\"Massachusetts Attorney General Martha Coakley is suing Freddie Mae, and the Federal Housing Finance Agency because she says that they are not working with — June 2, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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