Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Mass.s foreclosures bill passes legislature
MARLBOROUGH, Mass. (8/6/10)--The Massachusetts legislature this week approved legislation that would affect mortgage foreclosures. The Massachusetts Credit Union League worked to represent the interest of both state and federally chartered credit unions on the topic. The league provided oral and written testimony on dozens of proposals before multiple legislative committees and requested a centralized, legislative task force to address the topic. Aspects of the myriad of proposals--which were successfully defeated at the request of the league and others--include mandatory judicial review of mortgage foreclosures, mediation, payment of utilities for tenants, the creation of an abandoned property database, translation of documents into multiple languages and the licensing of credit union mortgage loan originators (eWeekly Aug. 4). The league has prepared an analysis of the bill’s impact on Massachusetts credit union mortgage lenders.


RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
8 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
9 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
10 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
10 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
11 hours ago