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Freemont Loan Modification

Attorney General Coakley Reaches Affordable Loan Modification and Foreclosure Prevention Agreement with Purchaser of Fremont Servicing Rights

by Moe Bedard

Mass. AG Press Release BOSTON – Attorney General Martha Coakley’s Office has entered into an agreement with Texas- based Litton Loan Servicing LP (“Litton”) that provides significant benefits to approximately 1,100 borrowers holding loans originated by Fremont Investment & Loan (“Fremont”).  The Fremont loans were the subject of the Attorney General’s recently settled enforcement action [...]

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Lender cuts Mass. deal over subprime mortgages

by Moe Bedard

A California investment firm has agreed to modify 200 Massachusetts homeowners’ subprime mortgages – slashing interest rates and forgiving thousands of dollars in late charges, legal fees and past-due interest.

“This shows what can be done if (the banking industry) looks beyond just saying: ‘Let’s foreclose,’ ” Attorney General Martha Coakley said yesterday in unveiling a [...]

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