Industry News

Massachusetts targets Lawrence-based mortgage brokers

Surging foreclosure rate invites state investigation
Published on Aug 21, 2006

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by CareyBot

Massachusetts regulators allege that two mortgage brokers inflated the incomes of borrowers so they would qualify for home loans. The state’s Commissioner of Banks on Aug. 11 issued cease-and-desist orders against Lawrence-based Diamond Mortgage Services and Synergy Mortgage Group. The ...

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