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Items Tagged with 'Massachusetts'

ARTICLES

Ocwen pays Massachusetts $3.7 million to resolve foreclosure claims

$3 million goes to Massachusetts homeowners
June 17, 2014
In its latest settlement, Ocwen Financial Services agreed to pay $3.7 million to resolve claims that it failed to provide certain notices to homeowners in Massachusetts.
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Massachusetts sues FHFA, Fannie and Freddie over foreclosure buybacks

Alleges GSEs violate state’s buyback rules
June 2, 2014
Several weeks ago, Massachusetts Attorney General Martha Coakley sent a letter to Mel Watt, the director of the Federal Housing Finance Agency, saying that her office was considering legal action against the FHFA over violations of state laws allowing nonprofits to buy foreclosures and return them to the evicted homeowner. And now, Coakley hopes actions will speak louder than words.
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Massachusetts AG threatens to sue FHFA over buyback law

GSEs in violation of law designed to keep homeowners in homes
May 14, 2014

“Our office is considering all available legal avenues, including litigation, to ensure compliance with Massachusetts law, should FHFA fail to promptly amend its policies to allow Fannie Mae and Freddie Mac to participate in credible buyback programs,” Massachusetts Attorney General Martha Coakley said in a letter to FHFA Director Mel Watt.


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Mortgage Network opens branch in Mass.

Brian Moloney appointed as branch manager
March 10, 2014
Mortgage Network opened a new branch office in Quincy, Mass. and appointed Brian Moloney to manage the new location, who brings 38 years of experience.
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Monday Morning Cup of Coffee: Kansas fights mortgage fee, NJ closes foreclosure program

December 2, 2013
States across the nation continue dealing with ongoing housing issues. While New Jersey has almost dried up its foreclosure prevention money supply, Kansas is fighting an unpopular mortgage-related tax.
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Six Mass. banks fight foreclosure ordinances

November 5, 2013
Six Western Massachusetts banks are seeking to invalidate two ordinances in Springfield that aim to control and maintain foreclosed and vacant properties.
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Mass. foreclosure activity continues to fall

October 29, 2013
Foreclosure activity continued to fall in Massachusetts last month, with 247 foreclosure deeds recorded in September, making it the 16th consecutive month of year-over-year foreclosure declines.
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Massachusetts homeowners obtain more foreclosure protections

October 21, 2013
Massachusetts homeowners facing foreclosure will receive expanded protections under new rules that prevent lenders from foreclosing on a property if a loan application is still in process.
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Foreclosure nonprofit expands into Maryland

Helps borrowers receive more affordable loan terms
September 27, 2013
A Massachusetts nonprofit is expanding into Maryland, helping former homeowners get back into their homes under more affordable loan terms.
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Massachusetts foreclosure activity falls 66%

September 10, 2013
The Massachusetts housing market continues to recover, with the state posting a 66% drop in foreclosure activity from year ago levels in July. The drop follows a series of regulatory and legal changes in the state related to the processing of foreclosures.
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