JPMorgan Chase fails to end US mortgage modification lawsuit

Jonathan Stempel, Reuters A federal judge rejected JPMorgan Chase & Co’s bid to dismiss a lawsuit accusing it of misleading thousands of cash-strapped homeowners nationwide about modifying their mortgages. U.S. District Judge Richard Stearns in Boston on Friday let homeowners pursue claims that the largest U.S. bank systematically failed to keep its end of the […]

Massachusetts Man Pays Off Mortgage With Pennies

Ira Kantor, Boston Herald penny saved was a penny earned for one Mendon grandfather — toward a milestone mortgage payment. Back in April, Thomas Daigle brought in more than 62,000 pennies collected over 35 years in two steel boxes weighing about 220 pounds apiece, to Milford Federal Savings and Loan, which he used to make […]

This Is An Interesting Analysis Of Eaton v. Fannie Mae

Eaton v. Fannie Mae Analysis Adam Levitin, Credit Slips The Massachusetts Supreme Judicial Court finally issued its long-awaited ruling in Eaton v. Fannie Mae. This case involved the question of whether a “naked mortgagee”–a mortgagee that was not also the holder of the promissory note–had standing to foreclose. (Full disclosure:  I submitted a pair of amicus briefs […]

Contractor For BofA Steals Man’s Muscle Car

Worcester man battles bank after vintage muscle car hauled off Owner claims bank stonewalls on info Thomas Caywood TELEGRAM & GAZETTE STAFF As David vs. Goliath struggles go, they don’t get much more lopsided than a lone muscle-car enthusiast going up against a mega-bank with more than $2 trillion in assets. But that’s exactly what […]

Mass SJC Rules Lenders must have paperwork to foreclose

Says future seizures require paperwork Jenifer McKim, Boston Globe The state’s highest court ruled Friday that lenders must have proper paperwork in hand at the time they complete a foreclosure, but the decision does not apply to seizures that have already taken place, removing a cloud of uncertainty over the status of property titles for […]

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