Martha Coakley-Mass Division of Banks fails to produce documents to black broker.

Описание: Read the TOUCH 106.1 FM Blog for more information, http://touchfmboston.blogspot.com. See also:    • Martha Coakley - Mass Division of Banks ca...  

Miracle Mortgage, by and through Catherine Gibbons issued a request for public documents to the Division of Banks approximately 7 weeks ago. With respect to a hearing that the Division is trying to hold on or before January 11, 2010, the Superior Court stated on Friday:

"It would seem to me that production [of the documents] should occur no later than next week."


But when I appeared at today's hearing at the Division of Banks South Station headquarters there were no documents for her but the Division and its attorneys steadfastly held to their position that Ms. Gibbons -- who had a "1" rating before she was punished for doing Stated Income Deals -- should lose her Broker's License forever. The Hearing Officer this morning told Ms. Gibbons

"You've lost your livelihood for 9 months and I don't take that lightly."


Wait until he sees the file.

I read Ms. Gibbons' document requests and they included, inter alia, a request for her own file, and for the Division's policies and procedures. Why these documents have not been produced at this time is beyond me. Last Friday their counsel stated that they did have many of the documents ready to be produced, yet again today there were indeed no documents produced. Be that as it may, the Hearing Officer today ORDERED the Division to provide him a list of the documents that it agrees are public so that Ms. Gibbons may issue her supplemental Answer within the next two (2) weeks. Ms. Gibbons informed me that the Division of Banks actually had guidelines on how to structure Stated Income Deals, so she obviously wants to know how and why her Stated Income Deals were considered "Fraudulent."