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Bill aimed at preventing home foreclosures in Massachusetts moves forward in Legislature
A bill meant to stop ?unnecessary? foreclosures in Massachusetts cleared its first major legislative hurdle Wednesday when it gained approval from the Legislature?s Joint Committee on Financial Services. The bill, filed by Attorney General Martha Coakley, would require banks to analyze certain troubled mortgage loans and offer borrowers modifications when it makes more financial sense than ...
Fri, 18 May 2012 17:37:05 -0700.
Lawyer disbarred in Massachusetts, Rhode Island, pleads guilty to running mortgage "Ponzi scheme"
Lawyer disbarred in Massachusetts, Rhode Island, pleads guilty to running mortgage "Ponzi scheme"
Wed, 16 May 2012 09:55:00 -0700.
Developer pleads guilty to mortgage scam involving Massachusetts condo sales
A developer pleaded guilty in US District Court for his role in a mortgage fraud scheme related to multiple condominiums sales in Massachusetts. Robert H. Odimegwu, 43, was convicted Thursday in federal court after admitting to 17 counts of wire fraud and money laundering related to the scheme, the US Attorney?s Office said. He faces decades in prison and a $250,000 fine for each count of wire ...
Wed, 09 May 2012 01:53:38 -0700.
Massachusetts Delinquency Rate Drops Almost 1 Percent In Q1
The delinquency rate for mortgage loans on residential properties in Massachusetts dropped to 7.32 percent at the end of the first quarter of 2012, a decrease of 87 basis points from the fourth quarter of 2011, according to the Mortgage Bankers Association (MBA).
Thu, 17 May 2012 08:52:28 -0700.
Hammond Partners With Wells Fargo, Forms New Mortgage Co.
Chestnut Hill-based Hammond Residential Real Estate has launched a joint venture with Wells Fargo Home Mortgage to originate, process and fund mortgage loans for buyers and sellers.
Thu, 17 May 2012 08:51:48 -0700.
Developer pleads guilty to mortgage fraud
A developer pleaded guilty in US District Court for his role in a mortgage fraud scheme related to multiple condominiums sales in Massachusetts. Robert H. Odimegwu, 43, was convicted Thursday in federal court after admitting to 17 counts of wire fraud and money laundering related to the scheme, the US Attorney?s Office said. He faces decades in prison and a $250,000 fine for each count of wire ...
Sat, 28 Apr 2012 04:07:22 -0700.
Foreclosure activity in Massachusetts rose sharply in March
Foreclosure petitions, the first step in a property seizure, jumped nearly 55 percent in Massachusetts last month when compared to the same month a year ago, the Warren Group reported Thursday. Foreclosure deeds, which represent finished foreclosures, increased 36.5 percent. In early 2011, there was a lull in foreclosure activity prompted by nationwide scrutiny into lenders? home-seizure ...
Wed, 09 May 2012 01:50:56 -0700.
30-Year Fixed Mortgage Rate Drops to New Record Low; Current Rate is 3.65%, According to Zillow Mortgage Rate Ticker
SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.65 percent, down four basis points from 3.69 percent at this same time last week. This represents the lowest ...
Tue, 08 May 2012 11:36:33 -0700.
New foreclosure-relief plan for Mass.
A new program to help prevent unnecessary home foreclosures is expected to be unveiled Wednesday by Massachusetts Attorney General Martha Coakley.
Wed, 25 Apr 2012 04:07:12 -0700.
East Bridgewater man hits lottery for $4 million
Joseph Walls of East Bridgewater claimed a top prize Thursday in the Massachusetts State Lottery?s $10 instant game $5,000 A Week For Life.
Fri, 18 May 2012 09:54:05 -0700.