Janet Mills, Attorney General for the state of Maine has announced that both GMAC Mortgage and Bank of America have agreed to stop foreclosures temporarily in the state. This announcement comes just as the "robo-signing" controversy of a month ago has begun to die down as other major servicers had agreed to halt foreclosures and conduct internal investigations on their foreclosure departments.Click to continue
Maine Attorney General Janet Mills has announced that her office has joined a coordinated national effort by state regulators and Attorneys General to investigate the practice of so-called “robo-signing” in the mortgage servicing industry. The Mortgage Foreclosure Multistate Group, comprised of state attorneys general in 50 states and state banking and mortgage regulators in 30 states, including Maine, will investigate whether individual mortgage servicers have improperly submitted documents in support of foreclosures.Click to continue
Foundation Financial Group has received its license to begin offering mortgage services in the state of Maine. With a presence in 30 states, Foundation Financial Group actively serves thousands of customers with prime, government-sponsored and Federal Housing Administration (FHA)-backed loans along the Eastern Seaboard and in central parts of the United States.Click to continue
Bank of America Home Loans has opened a new customer outreach center in Dedham, Mass. to serve customers in the Boston area and surrounding region. Bank of America homeownership retention specialists will be meeting face-to-face with financially troubled mortgage customers who are having difficulty making their monthly payments. Dedicated associates also are available to help customers facing hardship with their auto, credit cards and personal loans.Click to continue
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