Mortgage companies that prey on consumers with predatory lending practices would face criminal charges under a bill filed by Massachusetts Governor Deval Patrick, the Boston Herald reported June 11, 20007.

"The bill would criminalize mortgage fraud, require lenders to file an intent to foreclose, and ban so-called foreclosure 'rescue' schemes that allow homeowners to stay in their home in exchange for signing over the property."

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Posted by Richard Rosa on 06/20/2007 12:18 PM   Comments (1)    
This post has been included in Massachusetts Information

1 Comments on Mass. Gov. Deval Patrick Files Bill To Criminalize Mortgage Fraud

Thanks for the update, looks like some good stuff. I'm sure CT is not far behind, very strict state here in CT

06/20/2007 12:29 PM by Connecticut FHA LOANS,CT VA Loans CT First Time Home Buyer:CT Home Loans (www.BenchmarkCT.com: CT Commercial Loans)

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