Two State AGs Sue Bank of America

The Attorney Generals of Arizona and Nevada have sued Bank of America and its mortgage servicing subsidiary (PDF).

The states say the lender made “false assurances” about modifying homeowners’ mortgages while foreclosing on them at the same time and gave “inaccurate and deceptive reasons” for rejecting loan modification requests. “Nevadans who were trying desperately to save their homes were unable to get truthful information in order to make critical life decisions,” Nevada attorney general Catherine Masto said in a statement.

The New York Times has more on this lawsuit.

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