The mortgage industry continues to be a subject of heavy scrutiny in both the press and the courts. Some issues, such as the industry’s widespread failure to properly prove ownership prior to foreclosure and the marketing of subprime loans, have made national news. Others, such as lenders’ failure to pay recording fees when mortgages are… Continue reading »
Sep
15
Demystifying Deceptive Mortgage Lending Practices
Given the microscope under which the predatory lending practices of many banks and mortgage companies are being examined these days, it is important to know which practices are legal and which are not when shopping for a new mortgage. Massachusetts law provides that “it is an unfair or deceptive act or practice for a mortgage… Continue reading »