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.”

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