Thursday, April 26, 2007

Massachusetts Governor Calls For Crackdown On Abusive Foreclosure Rescue Schemes

An Associated Press article in the Boston Herald is reporting that:
  • "Governor Deval Patrick, reacting to record numbers of people losing their homes, called today for the criminalization of foreclosure fraud, better tracking of foreclosures, and a public education campaign for would-be homeowners."

  • "Patrick’s crackdown would include legislation to make mortgage fraud a criminal offense and prohibit abusive foreclosure rescue schemes."

For more, see Patrick seeks crackdown on foreclosure fraud, enhanced oversight.

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