Regulators in Massachusetts are working on a rule that would force mortgage servicers to back off foreclosure proceedings as soon as borrowers file a loan modification application, the Boston Herald reported this week. 

The news agency says the Massachusetts Division of Banks announced a proposal that would create this type of requirement for servicers.

The proposed rule was filed with the Division of Banks this week and will be open for public comment at a hearing on Nov. 29.

Click here to read the full article.

kpanchuk@housingwire.com

Most Popular Articles

Realtors expect these to be the 10 hottest housing markets for the next 3-5 years

Here are the 10 housing markets that the National Association of Realtors expects to the hottest in the nation in the next three to five years.

Dec 11, 2019 By

Latest Articles

Gateway First Bank makes two key hires

Gateway First Bank made back-to-back announcements this week regarding two key hires. The bank welcomed Joell Maddox as director of treasury services and Thomas Ramm joined as chief investment officer.

Dec 12, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please