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AG Coakley to address steps to ease foreclosures

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BOSTON (AP) — Massachusetts Attorney General Martha Coakley is planning to deliver opening remarks at a statewide foreclosure counselor training program in Boston.

The Tuesday morning address comes a year after Massachusetts received $318 million to aid borrowers. The money was part of a national settlement over unlawful foreclosures, including the so-called "robo-signing" of documents when banks automatically signed off on foreclosures without properly reviewing documents.

Coakley is expected to speak about her office's HomeCorps initiative, which is funded by Massachusetts' share of the nationwide settlement.

The program is designed to help prevent unnecessary foreclosures by increasing the number of loan modification specialists available for distressed borrowers.

The program also offers grant opportunities aimed at easing the foreclosure crisis in Massachusetts.

The training is intended for housing counselors focusing on foreclosure prevention.

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