The DOB implemented legislation designed to:
- Offer relief to existing homeowners
- Ensure the necessary legal and regulatory framework is in place to prevent the occurrence of the mortgage-related issues the Commonwealth has faced
- Address the subprime lending crisis and preventing future abuses in mortgage lending
- Ensure the standards that honest lenders already meet are followed by the entire lending industry
This legislation is a comprehensive effort to provide borrowers with the educational information they need before entering into a mortgage.
Report archive
- 2017 Foreclosure Trends Report
- 2016 Foreclosure Trends Report
- 2015 Foreclosure Trends Report
- 2014 Foreclosure Trends Report
- 2013 Foreclosure Trends Report
- 2012 Foreclosure Trends Report
- 2011 Foreclosure Trends Report
- 2010 Foreclosure Trends Report
- Compendium of actions taken relative to foreclosures and the mortgage industry (June 30, 2009)
- Opinion on exemption for certain nonprofits from mortgage licensing statutes (July 17, 2008)
- Opinion on loan modification and protecting lien status (June 25, 2009)
- Industry letter regarding Regulatory Bulletin 1.1-105: Educational requirements for mortgage loan originators (March 28, 2008)
- Industry letter regarding Regulatory Bulletin 1.3-104: Counseling and Opt-in Requirement for Subprime ARMs (January 20, 2008)
- Letter to nonprofit agencies concerning elimination of licensing exemption (January 10, 2008)