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Items Tagged with 'Massachusetts'

ARTICLES

Massachusetts Court of Appeals upholds MERS rights

Rules mortgage assignment was valid
Ben Lane
MERSCORP’s rights as mortgagee have come under fire in many courtrooms throughout the U.S., but a decision from the Massachusetts Court of Appeals reinforces the company’s right to assign a mortgage.
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Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners
Ben Lane
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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Massachusetts foreclosure activity rises in November

More than doubles 2013 foreclosure petitions
Ben Lane
November foreclosure activity in Massachusetts rose by more than 150% over 2013, but the figures actually fell from October's total.
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Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee
Ben Lane
Massachusetts Attorney General Martha Coakley stands accused of failing to disclose close ties between her gubernatorial campaign and a nonprofit that’s at the center of the State of Massachusetts’ lawsuit against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac over buyback programs.
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Ocwen pays Massachusetts $3.7 million to resolve foreclosure claims

$3 million goes to Massachusetts homeowners
Brena Swanson
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
Ben Lane
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
Ben Lane

“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
Brena Swanson
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

Brena Swanson
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

HousingWire Staff
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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