Register Of Deeds Wants to Intervene in Foreclosure Case
An Essex County elected official wants the courts to let him make his voice heard in a local foreclosure case that he says fits into a broader, nationwide pattern of predatory lending.
Deep Roots Underlie Lending Disparities in Massachusetts
The banking industry has a long history of contributing to ongoing racial inequities with its lending policies and practices, but some banks want to reverse this damage.
Investing in People Through Personal Finance
Inspired by horror stories about high-interest lending practices during the Great Recession, Andy Posner switched careers and established The Capital Good Fund while studying environmental issues. Ten years later, the nonprofit lender is one of the fastest growing ones in the country.
Don’t Call it a Bubble
The median pending sale price for a single-family home statewide in May rose over $400,000 for the first time this year, and the third time in the last 12 months, the Massachusetts Association of Realtors reported early this month.
Lenders Who Prey on Veterans Hurt Other Homebuyers as Well
Could predatory lending practices affecting veterans also be inflating interest rates paid by thousands of unsuspecting homebuyers using FHA loans?
Court Penalizes Quicken In Appraisal Case
Quicken Loans arguably has the mortgage industry’s squeakiest-clean image – named by J.D. Power as No. 1 in home loan customer satisfaction for seven years in a row and No. 1 in loan servicing for three years straight. It also has a reputation as a technology innovator – witness its heavily advertised and popular “Rocket Mortgage” option that cuts time and red tape for applicants.
Philadelphia Sues Wells Fargo, Alleges Predatory Lending
The city of Philadelphia sued Wells Fargo & Co. on Monday, accusing the largest U.S. mortgage lender of predatory lending, which violates the federal Fair Housing Act.
MA Consumers Claim $2.3M In Settlement With Predatory Lenders
Nearly 1,700 Massachusetts consumers who took out small-dollar loans from a South Dakota payday lender and its California-based partner have been reimbursed $2.3 million collectively under a settlement reached by the attorney general’s office and the state Division of Banks.
