Reverse Mortgage

Reverse Mortgage Broker Feels The Wrath Of Mass AG

Reverse Mortgage Broker Direct Finance Corporation Gets Sued By New Massachusetts AG For Ripping Off Seniors Massachusetts Attorney General Maura Healey filed a civil complaint in Suffolk Superior Court against reverse mortgage broker Direct Finance Corporation(DFC) based in Norwell, Massachusetts, its employee, Daniel Matthews who worked as a loan originator, and outside insurance agent James Moniz, alleging that […]

Now Its Mortgage Insurers Going After Homeowners

Homeowners Are Getting Big Bills For-Houses Already Taken In Foreclosure Jenifer McKim and Jess Aloe, Boston Globe When Guillermo Galindo lost his two-family Revere home to foreclosure in 2009, the soft-spoken Colombian thought he had finally freed himself from the flood of threatening collection letters from his lender and a ballooning, untenable debt. All of […]

Elizabeth Warren

4 Bankers Get Slapped By A Woman In Massachusetts

Four Banks Reach $2.7 Million Settlement With Massachusetts AG Martha Coakley Over Foreclosure Violations Massachusetts AG Martha Coakley has forced four national banks to pay a combined $2.7 million. Coakley claims they are penalties for unlawfully foreclosing on properties in Massachusetts. Coakley accused Bank of America, Citi, JPMorgan Chase, and Wells Fargo of violating Massachusetts foreclosure laws and the Massachusetts […]

Massachusetts AG Coakley Threatens To Bitchslap FHFA With Lawsuit

GSEs in violation of law designed to keep homeowners in homes Ben Lane, Housing Wire Less than one month into the job, and just one day after his first extensive public comments, Federal Housing Finance Agency Director Mel Watt has a serious problem in the form of Massachusetts Attorney General Martha Coakley. Coakley directed a letter to Watt […]

Coakley Obtains $11.3 Million Payment From Countrywide Securities For Pension Fund

Bryan Cohen, Legal Newsline Massachusetts Attorney General Martha Coakley announced Monday that the state pension fund will receive an $11.3 million payment as part of a settlement with Countrywide Securities Corporation. The settlement with CSC is part of Coakley’s industry-wide review of residential mortgage securitization practices in the state. Under the terms of the settlement, CSC […]

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