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Preliminary Injunction Restricts Fremont’s Ability to Foreclose in Massachusetts 

Feb 27, 2008By

In a move that may set a precendent elsewhere, Massachusetts Attorney General Martha Coakley’s Office said Wednesday that it had obtained a preliminary injunction in a case against California-based Fremont General and Fremont Investment and Loan. The order prohibits Fremont from initiating or advancing foreclosures on a wide range of loans, including loans financed at 100 percent LTV or 2 to 3-year hybrid adjustable-rate mortages.

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