Massachusetts will impose some of the nation's most stringent regulations on the mortgage industry in an effort to curb practices that have led to record numbers of foreclosures.
The regulations require lenders and brokers to treat all borrowers fairly, with the aim of eliminating excessive fees and sales of loans that borrowers cannot afford.
No comments:
Post a Comment
Your comments are valued greatly. Please adhere to the decorum on the "First time here?" page. Comments that are in violation of any of the rules will be deleted without notice.
3/11 Update - No Moderation
*Non-anonymous commenting is preferred to avoid mix-ups. Anonymous comments are, at the behest of management, more likely to be deleted than non-anonymous comments.