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News About (Massachusetts) OR (MA) OR (Mass.) OR (Boston)
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1. FHLMC Modified Loans to be Securitized - New PCs announced | May 23, 2013... The "modified PCs" have prefixes of "MA-MD." "Securitizing loans that have been modified and are now performing will allow Freddie Mac to better manage its mortgage-related www.mortgagedaily.com/ModifiedSecuritization052313.asp 2. $3.8 Million in Mortgage Fraud Earns Defendant 7 Years - Peterson Cherimond gets... By IRA KANTOR Boston Herald - McClatchy-Tribune Information Services A Dorchester, Mass., man was sentenced to more than ... mortgage fraud. To see more of Boston Herald or to subscribe www.mortgagedaily.com/Fraud/MctCherimond052113.asp 3. Mortgage Leads Target Reverse, Hard Money Prospects - Recent activity in mortgage ... On March 15, Boston's MortgageAuction claimed its online auctions to match lowest mortgage rates with borrowers has saved consumers an average of $10,000 since the company debuted www.mortgagedaily.com/Leads052013.asp 4. Company Ordered to Stop Servicing - Escrow disbursements at issue | May 17, 2013 |... East Falmouth, Mass., had been licensed in Massachusetts as both a ... loan servicer in Massachusetts. "The division has ... insured bank," said Massachusetts Commissioner of Banks www.mortgagedaily.com/MortgageSecurityOrder051713.asp 5. Dorchester Man Sentenced for Mortgage Fraud and Identity Theft - Department of... Fraud and Identity Theft BOSTON – A Dorchester man ... Criminal Investigations in Boston, made the announcement ... for the District of Massachusetts mortgage fraud case stories www.mortgagedaily.com/Fraud/PressReleaseCherimond051513.asp 6. Refinances Worth the Work - More options available to more borrowers | May 13... Recession soon followed, forcing mass layoffs and economic stagnation. The housing market has yet to fully recover. However, the market has recovered enough that more homeowners www.mortgagedaily.com/Consumers/MctRefis051313.asp 7. Q1 Mortgage Originations Slow at Several Lenders - Recent reports of mortgage... Tulman in Needham, Mass.; David Lazowski in Boston; and Ed Solter in Austin, Texas, ... mortgage activity by all mortgage companies in Massachusetts was 332,582 units last year, rising www.mortgagedaily.com/Production051113.asp 8. Liquidation Rate Slows on Distressed Loans - Rising short sales fail to speed up... York's 215-month inventory was the worst of the last five quarters and worse than any other MSA. A distant second was Boston, where the inventory was 79 months, then 59 months in www.mortgagedaily.com/RmbsOutlook050913.asp 9. Drop in Negative Equity Enables Some Sales - Some borrowers take properties to... Boston, investors make 20% on a $300,000 investment. But in Macomb County, "if you're a flipper," you can make almost 100% profit on a $40,000 investment, he said. In 2008, a www.mortgagedaily.com/Consumers/MctHomePrices050613.asp 10. Deciding Between New Construction and Fixer Uppers - Renovations can yield more... Massachusetts and we are not." next story back to home page To see more of the Billings Gazette or to subscribe to the newspaper, go to www.billingsgazette.com Copyright (c) 2013 www.mortgagedaily.com/Consumers/MctRealEstate050613.asp
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