Foreclosures

Foreclosures

Senators Host Forum with Mnuchin Bank OneWest Foreclosure Victims

United States Senator Elizabeth Warren (D-Mass.) and her colleagues, including Debbie Stabenow (D-Mich.), Patty Murray (D-Wash.), Dick Durbin (D-Ill.), Bob Menendez (D-N.J.), Jeff Merkley (D-Ore.), Richard Blumenthal (D-Conn.), Mazie Hirono (D-Hawaii), Chris Van Hollen (D-Md.), and Catherine Cortez Masto (D-Nev.), hosted a forum with Americans from across the country who were victimized by Department of Treasury nominee Steven Mnuchin.

Led by Merkley, Warren and Sanders, Senate Democrats Roll Out New Website Inviting Personal...

U.S. Senators Jeff Merkley (D-OR), Elizabeth Warren (D-MASS) and Bernie Sanders (I-VT) announced that Senate Democrats have launched a new website inviting Americans to share their personal stories of being impacted by the foreclosure practices of Donald Trump's Treasury Secretary nominee, foreclosure king Steve Mnuchin.

Boston Bar Foundation Awards $380,000 in Grants to Eight Legal Services Organizations

Existing-home sales are forecast to muster only a small gain in 2017 because of incre the charitable affiliate of the Boston Bar Association – announced today that it will provide $380,000 in grants to eight community organizations that work to provide legal services to those in need. The funding – which was distributed to the BBF from the Massachusetts Interest on Lawyers Trust Accounts (IOLTA) – stems from Bank of America’s (BOA) 2014 settlement for the bank’s involvement in residential mortgage-backed securities and other unlawful conduct that contributed to the housing/financial crisis

Mayor Walsh Announces Grant to Help Boston Homeowners Purchase, Improve and Maintain Their Homes

Mayor Martin J. Walsh today announced the City of Boston's Home Center has been awarded a $158,475 grant from the Commonwealth of Massachusetts' Division of Bank. The grant is part of $1.3 million in statewide grants that will fund first-time homeownership counseling programs and foreclosure prevention education centers throughout the Commonwealth

HSBC to Pay $4 Million, Refund Homeowners for Accepting Compensation Tied to Force-Placed Insurance

National mortgage lender and servicer HSBC has agreed to pay $4 million to resolve allegations that it received commissions and other kickbacks relating to force-placed insurance policies that it procured for struggling Massachusetts homeowners, Attorney General Maura Healey announced toda

$470 Million State-Federal Settlement Reached with HSBC Over Unlawful Foreclosures, Loan Servicing

A $470 million joint state-federal settlement has been reached with national mortgage lender and servicer HSBC to address mortgage origination, servicing, and foreclosure abuses, Attorney General Maura Healey today announced.

Revere Attorney Ordered to Pay More Than $625,000 for Unfair and Deceptive Foreclosure Relief...

A Revere attorney and his two businesses have been ordered to pay more than $625,000 for targeting homeowners with deceptive advertisements and demanding thousands in illegal advance fees for mortgage modification and foreclosure relief services they failed to deliver, Attorney General Maura Healey announced today

AG Healey Supports Legislation to Protect Vulnerable Homeowners Through Tax Foreclosure Reform

In an effort to protect vulnerable homeowners in Massachusetts, Attorney General Maura Healey’s Office today sent a letter to the Joint Committee on Revenue in support of legislation to improve the tax foreclosure process

AG Healey Launches Webpage for Homeowners Seeking Assistance From National Bank Settlement Over Unlawful...

Following a $2.7 million settlement with four national banks resolving allegations of unlawfully foreclosing on properties in Massachusetts, Attorney General Maura Healey’s Office has launched a webpage to assist eligible homeowners in clearing property titles so they can refinance or sell their propertie

AG Healey Urges Adoption of Greater Protections for Homeowners Who Acquire Property Following Divorce...

To further prevent unnecessary foreclosures, Attorney General Maura Healey’s Office sent a letter supporting the Consumer Financial Protection Bureau’s (CFPB) proposed amendments to its mortgage servicing rules to protect homeowners who acquire property following a divorce or the death of a family member, and also urged CFPB to expand certain protections to others who acquire an interest in property

SunTrust Mortgage to Pay $550 Million in Federal-State Deal Over Unlawful Foreclosures, Loan Servicing

BOSTON - June 18, 2014 - (RealEstateRama) -- A $550 million nationwide federal-state settlement with mortgage lender and servicer SunTrust Mortgage Inc. over mortgage origination, servicing, and foreclosure abuses will provide direct payments to eligible Massachusetts borrowers for past foreclosure abuses, along with loan modifications and other relief for borrowers in need of assistance, Attorney General Martha Coakley announced today.

AG Coakley Urges FHFA to Use Buyback Programs and Principal Reductions to Keep People...

BOSTON - May 16, 2014 - (RealEstateRama) -- Saying in a letter file size 2MB today that the use of buyback programs and principal reductions are “key to helping homeowners recover from this foreclosure crisis,” Attorney General Martha Coakley urged the new director of the Federal Housing Finance Agency (FHFA) to use buybacks or face legal action

Ocwen to Provide $2.1 Billion in Relief to Homeowners in State-Federal Settlement Over Loan...

BOSTON - December 19, 2013 - (RealEstateRama) -- The nation’s fourth largest mortgage servicer has agreed to provide Massachusetts homeowners with an estimated $80 million in principal reduction and cash payments to homeowners as part of a national settlement to resolve claims of loan servicing misconduct and unlawful foreclosures, Attorney General Martha Coakley announced today.

CITY OF SPRINGFIELD BEGINS IMPLEMENTATION OF THE UPDATED VACANT AND FORECLOSING PROPERTY REGISTRATION ORDINANCE

Springfield, MA - October 21, 2013 - (RealEstateRama) -- Mayor Domenic J. Sarno announced the beginning of the implementation of the City of Springfield’s updated ordinance requiring the registration of vacant and foreclosing properties to protect and preserve public safety, security, and the quiet enjoyment of occupants, abutters, and neighborhoods.

AG Coakley Sues Alleged Foreclosure Relief Groups for Soliciting Illegal Fees, Taking More Than...

BOSTON - October 16, 2013 - (RealEstateRama) -- A group of businesses that advertised themselves as non-profit foreclosure prevention organizations was sued for allegedly soliciting and spending more than $350,000 in illegal advance fees from distressed homeowners, Attorney General Martha Coakley announced today

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Rising Pending Home Sales in September Could Signify a Busy Fall...

The Massachusetts Association of Realtors® (MAR) reported today that single-family pending home sales jumped over four percent this month from September of last year, with prices rising close to five percent. Pending condominium sales were also up, rising more than three percent over last year, while prices increased slightly. Realtors® confidence in the market and in home prices were both up again in September. This month’s “Hot Topic” question asks Realtors® how they would describe the appraisal process in the last six months