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State Reaches Deal With Fremont Investment And Loan
POSTED: 10:56 am EDT July 11, 2007
UPDATED: 11:25 am EDT July 11, 2007
BOSTON -- The state has reached a deal with a subprime lender that has agreed to immediately halt foreclosures on its mortgage loans in Massachusetts.
Attorney General Martha Coakley announced a preliminary agreement with Fremont Investment and Loan.
The lender will halt foreclosure proceedings to provide the attorney general's office a 90-day period to review individual cases. The state can then object to any foreclosure where it finds evidence of unfair or deceptive lending practices. Fremont would pay the costs of the loan review process under terms of the agreement.
POSTED: 10:56 am EDT July 11, 2007
UPDATED: 11:25 am EDT July 11, 2007
BOSTON -- The state has reached a deal with a subprime lender that has agreed to immediately halt foreclosures on its mortgage loans in Massachusetts.
Attorney General Martha Coakley announced a preliminary agreement with Fremont Investment and Loan.
The lender will halt foreclosure proceedings to provide the attorney general's office a 90-day period to review individual cases. The state can then object to any foreclosure where it finds evidence of unfair or deceptive lending practices. Fremont would pay the costs of the loan review process under terms of the agreement.
http://www.ago.state.ma.us/sp.cfm?pageid=986&id=1950
ATTORNEY GENERAL MARTHA COAKLEY ENTERS INTO AGREEMENT WITH FREMONT TO PROVIDE FORECLOSURE RELIEF
ATTORNEY GENERAL MARTHA COAKLEY ENTERS INTO AGREEMENT WITH FREMONT TO PROVIDE FORECLOSURE RELIEF