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Loan Modification

: Mortgage Lender Implode-o-Meter

Massachusetts Shuts Down 82 Mortgage Companies

By Implode-Explode Heavy Industries

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"The state Division of Banks yesterday ordered 87 mortgage companies to close for failing to file proper financial statements and to post bonds for licensed brokers.

The division?s cease-and-desist orders caused some firms to scramble to come up with the mandatory data and bond money, allowing five outfits to stay open.

But the other 82 will remain shut."

Click here to see the complete list. Follow the link below to read the original article.

Full post as published by Mortgage Lender Implode-o-Meter on June 05, 2009 (boomark / email).

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