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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Massachusetts State Attorney General Files Suit on MERS and 5 Largest Lenders


The Massachusetts State Attorney General Martha Coakley has filed a lawsuit against the 5 largest Servicers and MERS.    The Attorney General is done trying to negotiate with the 5 major servicers.  The five major servicers are Bank of America, Wells Fargo, JP Morgan, Chase, Citit and GMAC.
   
There has been barely any progress made with the five major servicers in assisting struggling homeowners.  Coakley, decided that she would sue the 5 major servicers and MERS on her own.