Fixing Massachusetts Foreclosures Won’t Be So Easy

A top Massachusetts court has criticized banks for their “carelessness” during the securitization of mortgages in the state. But interests supporting the banks have issued their own messages — trying to minimize the court’s de…

Massachusetts Ruling Slams Bank Foreclosure Practices

The state’s highest court affirmed the fundamental and long-established idea that a bank must own the mortgage it’s foreclosing on before it forecloses. The ruling pertained to Wells Fargo and US Bancorp, but investors are hamm…