Fannie Mae debuts “risk-sharing” mortgage-backed security Local mortgage banker: Housing reform should encourage broader investment – GSEs like Fannie. Mae securities to ensure the two offerings are more interchangeable. Such a reform will reduce the cost to taxpayers, while also increasing competition in the secondary mortgage.
SPRINGFIELD, Mass. (AP) — A federal judge on Tuesday upheld two Springfield anti-foreclosure ordinances, ruling against six banks that sought to overturn the regulations. U.S. District Judge.
FORECLOSURE Foreclosure does not mean the bank can evict you The Massachusetts Just Cause Eviction Law was passed in August 2010. It protects tenants in bank-owned foreclosed properties. In most cases, a bank cannot evict you or pressure you to leave unless it has “just cause.” Published by Massachusetts Law Reform Institute October 2010
Six Mass. banks fight foreclosure ordinances United States Court of Appeals. For the First Circuit. No. 12-1917 easthampton savings bank; chicopee savings bank; HAMPDEN BANK; UNITED BANK; MONSON SAVINGS BANK; COUNTRY BANK FOR SAVINGS, Plaintiffs, Appellants, v. CITY OF SPRINGFIELD, Defendant, Appellee.
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· Average time in foreclosure: 995 days. The 4,435 homes banks reclaimed in the Empire State last quarter have been stuck in the foreclosure process for an average of 995 days –.
Preparing for Oral Argument at the SJC. In the eight weeks leading up to the argument, scores of people helped Lee prepare for four mock hearings in front of mock judges. HLAB students and clinical instructors attended, hurling hardball questions, as did foreclosure and legal aid housing lawyers across Massachusetts, from Boston, Lynn, Springfield,
Most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their. The speed with which a bank can foreclose on a borrower varies. Idaho; Maryland; Massachusetts; Michigan; Minnesota; Mississippi. to understand that they have rights in the fight against foreclosure.
FBI Mortgage Fraud Investigations Jump 400% in Five Years The FBI is the agency that handles most criminal mortgage fraud investigations. You can report mortgage fraud to them by calling 202-324-3000 or by using their website at https://tips.fbi.gov . Other federal agencies also investigate mortgage fraud but the FBI is generally the best place to start.
Wrongful Termination · Non-compete Agreements · Severance Agreements · Unpaid. If you are facing a foreclosure or are struggling to obtain a loan. Under regulations created by the Massachusetts Division of Banks (full text. 6. Predatory Lending Under the Massachusetts predatory lending statute.
Obama Signs First-Time Homebuyer Tax Credit Extension Last Friday, President Obama signed a bill to extend the $8,000 first-time home buyer tax credit to April 30, 2010. In addition to the extension for first-timers, it also added a provision to provide a tax credit of $6,500 to home owners who have lived in their current residence for at least 5 years who are looking to buy a replacement home.
Six Mass. banks fight foreclosure ordinances Here’s your insider’s guide to the best food and fun at MBA’s Annual Expo Freddie Mac posts net income of $7.7B in 2014
Six western Massachusetts banks, with Easthampton Savings Bank as the lead plaintiff, challenged the ordinances. A U.S. District court judge upheld the ordinances. However, on appeal, the U.S. Court of Appeals issued a stay preventing Springfield from enforcing them.