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New York Orders Zombie Second-Mortgage Buyers to Pay More Than $480,000

New York Orders Zombie Second-Mortgage Buyers to Pay More Than $480,000

by John G. Stevens | Oct 24, 2026 | Current News & Events, Industry Updates, Mortgage Information

New York Attorney General Letitia James has secured more than $480,000 in penalties and homeowner restitution from a group of mortgage debt buyers accused of pursuing payments on long-dormant second mortgages after the applicable collection deadlines had expired.The...
Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages

Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages

by Phil Hall | Oct 4, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Massachusetts Attorney General Andrea Joy Campbell announced a settlement with mortgage servicer Franklin Credit Management Corporation that resolves allegations that the company violated state consumer protection laws by improperly attempting to collect on debts in...

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