0 minute readThe Massachusetts Division of Banks said Wednesday that new regulations will prevent national and state lenders from foreclosing on a homeowner’s property if modifying their mortgage loans cost less.
The regulations, a product of legislation signed by Governor Deval Patrick last August, require lenders to consider all available loss-mitigation options before proceeding to foreclosure. After several months of drafting, the regulations have now just gone into effect.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Here’s why non-QM earned its place at the mortgage dinner table
The non-qualified mortgage market has experienced significant growth since its introduction nearly a decade ago. 10 years in, credit ratings agencies regularly release performance metrics for investors, which provide remarkable insight into this extremely versatile asset class.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
