2012-08-27masslive.com

``The attorney general said she was encouraged that many homeowners are seeking help and that others are in mediation. But she said many other homeowners need help.

The mortgage problems, which are widely blamed for starting the deepest recession in decades, are "not going to go away overnight," Coakley said.

Gov. Deval Patrick recently signed a law requiring mortgage lenders to assess a borrower's circumstances and determine whether the net value in changing a loan is more than the anticipated recovery from foreclosure. If so, the lender is required to offer a loan modification to the borrower.''



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