A group of landlords in Massachusetts is fighting at both the state and federal level to have an eviction and foreclosure ban lifted. They say the moratorium is hurting them financially and that it is unlawful. The case is being heard ...
Read More »New Bill Addresses Reverse Mortgage Foreclosures
The Philadelphia City Council recently introduced a bill to help prevent reverse mortgage foreclosures when a homeowner is in a payment agreement for real estate taxes on their homes. As a requirement for a reverse mortgage, borrowers must remain current ...
Read More »Massachusetts Supreme Court Ruling Clarifies Foreclosure Rights
A recent opinion in the Massachusetts Supreme Judicial Court clarified a sticking point regarding a mortgagee’s right to foreclose, in spite of some unclear wording in the original mortgage paperwork. The case was brought against James B. Nutter Company by ...
Read More »Massachusetts Appeals Court Clarifies Demand Letter Ruling
Editor's note: This story was originally featured in the January issue of DS News, out now. Recently, in U.S. Bank, National Association as Trustee v. Milan, the Massachusetts Appeals Court provided further clarification on when the Pinti rule may be inapplicable. As ...
Read More »Former CFPB Deputy Director Joins Eastern Bank
Boston-based Eastern Bank, a full-service commercial bank recently announced the appointment of Steven L. Antonakes as SVP and chief compliance officer.
Read More »Korde & Associates Names New Directors of Operations and Compliance
Chelmsford, Massachusetts-based default servicing law firm Korde & Associates has announced that Jeremy Lipford has recently joined the firm as the Director of Operations and Business Development. The firm also announced that Hyacinth Bellerose has been named Director of Compliance.
Read More »Massachusetts AG Assists Homeowners Who Benefited from Settlement Over Unlawful Foreclosures
The settlement was reached between four banks (Bank of America, JPMorgan Chase, Citi, and Wells Fargo) and the AG in January 2015 in Suffolk Superior Court to resolve claims that the banks lacked legal authority to foreclosure on homes when they did not own the mortgages on those homes.
Read More »Four Banks Reach $2.7 Million Settlement With Massachusetts AG Over Foreclosure Violations
Four national banks agreed to pay a combined $2.7 million in penalties to resolve claims that they unlawfully foreclosed on properties in Massachusetts, according to an announcement from Massachusetts Attorney General Martha Coakley.
Read More »Foreclosure Petitions, Deeds See September Increase in Massachusetts
Foreclosure petitions increased year-over-year in Massachusetts for the seventh consecutive month in September, according to the Warren Group, publisher of Banker & Tradesman.
Read More »Massachusetts Foreclosure Petitions Skyrocket in July
According to a recently released report from The Warren Group, the number of foreclosure petitions in the state of Massachusetts shot up by 72.5 percent in July 2014 from the same month a year ago.
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