Items Tagged with 'Massachusetts'

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Ditech Financial fined $1.4 million for "abusive debt collection practices" in Massachusetts

Accused of making "excessive" debt collection phone calls
Ditech Financial will pay $1.4 million to the state of Massachusetts to settle charges that the company engaged in “abusive debt collection practices” by excessively calling borrowers to collect payment as well as not property notifying some borrowers of their mortgage information, the state’s attorney general announced recently.
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HSBC to pay $4 million to settle force-placed insurance kickback charges

Second settlement this month for HSBC
HSBC will pay a fine of $4 million as part of a settlement with the state of Massachusetts over charges that the bank took commissions and kickbacks for force-placed insurance policies. According to the office of Massachusetts Attorney General Maura Healey, HSBC received "compensation" in connection to the force-placed insurance premiums charged to HSBC’s borrowers.
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Sage Bank fined $1.2 million by DOJ for discriminatory lending

Massachusetts-based bank accused of charging higher fees to minority borrowers
Massachusetts-based Sage Bank will pay nearly $1.2 million to settle charges brought against the bank by the Department of Justice, which accused the Sage Bank of "engaging in a pattern or practice of discrimination on the basis of race and national origin in the pricing of its residential mortgage loans."
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Massachusetts real estate attorney convicted for mortgage fraud conspiracy

Involved numerous bogus short sales
A Massachusetts real estate attorney pleaded guilty last week to charges stemming from a wide-ranging scheme to defraud banks and mortgage companies as part of a conspiracy involving numerous sham short sales. In some cases, the purported third-party buyers were actually the spouses, parents or children of the purported sellers.
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Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners
The players on the field will decide who wins this weekend's Super Bowl, but who wins the battle off the field? Who has bragging rights no matter what happens in the game? Bostonians or Seattleites?
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