Coakley to release report detailing housing gains

BOSTON (AP) — Massachusetts Attorney General Martha Coakley is pushing for more action to help distressed mortgage holders keep their homes.

On the second anniversary Monday of the foreclosure prevention program HomeCorps, Coakley is set to release a report documenting how $850 million was recovered for Massachusetts homeowners and investors since 2007. She also is calling on mortgage giants Fannie Mae and Freddie Mac to use mortgage principal reduction to help people stay in their homes.

Coakley said Massachusetts officials have helped “stem the tide of foreclosures.”

She also said financial institutions have been more careful in its lending practices and she gave credit to the federal Consumer Financial Protection Bureau.

Coakley has scheduled a visit for 2 p.m. Monday to a former Boston police station being renovated into affordable housing for veterans.

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