Actuarial Outpost
 
Go Back   Actuarial Outpost > Cyberchat > Political Issues
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

D.W. Simpson & Company International Actuary Jobs
  Canada  Asia  Australia  Life  Pension  Casualty
Bermuda, United Kingdom, Europe, Asia, Worldwide


 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 05-04-2007, 11:19 AM
ShebaPoe ShebaPoe is online now
Member
 
Join Date: Nov 2005
Location: NY / Palm Beach
Posts: 11,423
Default MA bans foreclosures

State of Massachusetts imposes foreclosure moratorium. Of course, banks can keep booking interest payments or capitalizing interest, I'm sure.

It would be nice to see some state pension fund money invested in the subprime sector. A$$holes.




MA Declares Moratorium On Foreclosures
Move Against Predatory Lenders Is Unprecedented

BOSTON -- Massachusetts has become the first state in the country to declare a moratorium on foreclosures stemming from predatory lending.

Homeowners will now be able to submit a complaint to the Division of Banking.

The division will then call the lender and ask them not to forclose.

The move comes after dozens of homeowners marched on the State House last week, demanding a meeting with Gov. Deval Patrick.

The state secured 60-to-90-day freezes on foreclosure for most of the protesters.

Homeowners having trouble will also be provided with housing counselors.

If you need help, you can contact Neighborhood Assistance Corporation of America at (617) 250-6230. You can also find more information on their website: Neighborhood Assistance Corporation of America

Source:
http://www.thebostonchannel.com/news...76/detail.html
__________________
Some of it happened, paperboy.
Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 07:47 PM.


Powered by vBulletin®
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 1.17135 seconds with 6 queries