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Home » Store » News » Bay State AG, Investor Agree to Modify Fremont’s ‘Unfair’ Loans

Bay State AG, Investor Agree to Modify Fremont’s ‘Unfair’ Loans

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Massachusetts borrowers who got “structurally unfair” hybrid adjustable-rate mortgages from a former California subprime mortgage lender will have their interest rates permanently reset to the introductory rate. The announcement was made by MA Attorney General Martha Coakley, who signed an agreement July 31 with the purchaser of the loans, WMD Capital Markets...
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