Massachusetts Attorney General Martha Coakley in a letter to Sen. Tim Johnson (D., S.D.) and Rep. Spencer Bachus (R., Ala.) yesterday asked the legislators to look into Ally Financial's alleged improper foreclosure actions. For a copy of the letter, please click here.

Coakley in her letter said: "In light of Ally's alleged deceptive and illegal actions against homeowners in Massachusetts and across the country, I respectfully request that your committees investigate Ally's serious misconduct and consider what actions the federal government can take to ensure that Ally adheres to the law."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.