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BOSTON, MA - August 12, 2009 - (RealEstateRama) -- The Division of Banks issued a cease-and-desist order against Taylor, Bean & Whitaker Mortgage Corporation, one of the largest wholesale lenders in the country.On Tuesday, Aug. 4, the Federal Housing Administration announced that it had suspended Taylor Bean from originating any FHA-insured mortgages after allegations of financial misrepresentation and the failure to disclose a multi-state settlement agreement which included Massachusetts.

Unprecedented demand for affordable home mortgage loans pushes overall lending to more than $753 million. BOSTON, MA - August 7, 2009 - (RealEstateRama) -- Governor Deval Patrick announced today that MassHousing had its best lending year in state history in fiscal year 2009, providing more than three-quarters of a billion dollars for affordable housing.The landmark year was due to a surge in lending to first-time homebuyers. They have flocked to MassHousing’s 30-year fixed rate-mortgages with low downpayment requirements – a feature that has virtually disappeared from the private lending market in the wake of the mortgage lending crisis

Model Agreement Will Bring Relief to Homeowners. BOSTON, MA - June 22, 2009 - (RealEstateRama) — The Patrick Administration’s Division of Banks today announced a major agreement with Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding its mortgage lending practices for so-called “nontraditional” loans made in 2006. This agreement will result in a detailed review of TBW’s nontraditional loan exceptions, the adoption of the federal loan modification program to assist struggling homeowners, and the payment of $9 million to assist the states in their oversight of mortgage origination practices.

Was MassHousing’s 2008 top-producing lender and top minority and low-income lender. BOSTON, MA - June 11, 2009 – (RealEstateRama) — MassHousing recently honored Bank of Canton for being the agency’s top-producing lender and top-producing lender to minorities and low-income families in 2008.

BOSTON, MA - June 4, 2009 - (RealEstateRama) — The Division of Banks (Division) today announced the issuance of 87 cease-and-desist orders against licensed mortgage lenders and mortgage brokers in Massachusetts. The Division closed these licensees today after they failed to provide required financial information, including the failure to post a bond.In September 2007, the Division amended its regulations regarding the licensing of mortgage brokers and lenders. Earlier in 2007, the Mortgage Summit Working Groups (convened by the Division to address the foreclosure crisis comprised of representatives of government, industry, and non-profit organizations) had recommended raising the barriers to entry, including the financial requirements for mortgage lenders and mortgage brokers.

BOA was 2008 top producing lender of MassHousing’s Get the Lead Out Program BOSTON, MA June 3, 2009 - (RealEstateRama) — MassHousing recently honored Bank...

Bank of Canton recognized as top producing lender and top minority lender. BOSTON, MA - May 21, 2009 - (RealEstateRama) — MassHousing recently honored seven of the agency’s top-producing lending partners for 2008 during its annual Home Ownership Awards Ceremony.

BOSTON, MA - April 29, 2009 - (RealEstateRama) — MassHousing announced today that East Cambridge Savings Bank is now an approved lender of MassHousing’s MassAdvantage™ family of affordable home loan products to low- and moderate-income homebuyers.

Affordable prices, low mortgage rates and $8000 tax credit create unique opportunity

BOSTON, MA - December 29, 2008 - (RealEstateRama) — MassHousing announced today that River Works Credit Union in Lynn is now an approved lender...

BOSTON, MA - November 13, 2008 - (RealEstateRama) — Attorney General Martha Coakley’s Office has obtained a preliminary injunction against Option One Mortgage Corp....

October 29, 2008 - (RealEstateRama) — The Town of Amherst is currently accepting applications from moderate-income households, whose incomes are below 80% of the...

AG submits testimony to Congressman Frank’s Committee; testimony included below BOSTON, MA - September 18, 2008 - (RealEstateRama) — Massachusetts Attorney General Martha Coakley...

Redevelopment of the Boston Housing Authority’s “most troubled’’ housing development will result in 266 new affordable apartments in townhouses and mid-rise buildings BOSTON – MassHousing announced...

Racial Bias of Subprime Mortgage Lenders Accounts for 40% Difference in Losses Between Whites and People of Color Boston—A new report says the subprime mortgage...