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Louisiana joins lawsuit against mortgage companies

Buddy Caldwell, Louisiana's Attorney General, announced his office will join attorney general's from all 50 states to examine whether the three largest mortgage companies - Bank of America, JP Morgan Chase and GMAC  - made false statements or prepared foreclosure documents improperly WWL is reporting. The article quotes Attorney General Caldwell: “This issue affects peoples’ homes as well as the economy.  This probe will be thorough, expeditious, and fair to both homeowners and lenders.” Here is a link to the article: http://www.wwltv.com/news/La-joins-nationwide-lawsuit-against--104873774.html Read more