Serp’s test Massachusetts Division of Banking Institutions

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Massachusetts DOB Enters Consent Order With Company for Unlicensed Mortgage Lending and Prohibited Costs

May 11, 2017, the Massachusetts Division of Banks (DOB) entered in to a permission purchase by having a Massachusetts mortgage that is residential company, alleging that, between January 2013 and December 2016, the business engaged in unlicensed domestic home loan financing and charged fees in violation of Massachusetts law, and did not conform to the Real…

Massachusetts DOB Issues Findings of Fact and Temporary Cease and Desist purchase Against Loan Servicing business

On April 20, 2017, the Massachusetts Division of Banks (DOB) granted Findings of Fact and a Temporary purchase to Cease and Desist against that loan servicing business, alleging that the company involved in residential home mortgage servicing methods that violate state and laws that are federal and neglected to meet with the needs…

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