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Massachusetts

Cypress Loan Servicing settles foreclosure case for $2M

Foreclosure, HWmember, Lawsuit, Legal, Massachusetts, Mortgage, Mortgage Servicing, Servicing /

Cypress Loan Servicing has reached a $2 million settlement with the Massachusetts Attorney General’s Office (AGO) over allegations that it violated state foreclosure prevention and consumer protection laws. According to the AGO, Cypress — formerly known as Rushmore Loan Management Services — allegedly put homeowners at unlawful and unnecessary risk of foreclosure by violating Section […]

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Massachusetts set to bar home sellers from requiring inspection waivers

Affordability, Home inspections, Home Sales, Homebuyers, HWmember, Massachusetts, Real Estate, Real Estate Agents, Regulatory, Regulatory Compliance /

Massachusetts homebuyers will soon be protected from being pressured into waiving home inspections under new regulation. The policy, put forth by the state’s Executive Office of Housing and Livable Communities (EOHLC), prohibits sellers and their agents from requiring or encouraging buyers to waive a home inspection as a condition of purchasing real estate. It also

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Federal Reserve watchdog investigates efforts to dismantle CFPB

CFPB, Elizabeth Warren, Federal Reserve, Housing Market, HWmember, Massachusetts, New Jersey, Politics, Regulatory, Senate /

As Trump administration officials press ahead with their efforts to dismantle and defund the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Office of the Inspector General (OIG) is reportedly opening an investigation into moves to fire the vast majority of CFPB and attempted cancellations of associated federal contracts. According to reporting by CNBC, the

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