Patrick-Murray Administration’s Division of Banks to Hold Hearings in Brockton, Lawrence and Springfield on Foreclosure Right-to-Cure Notices, and Reverse Mortgage Regulations

BOSTON, MA – January 13, 2011 – (RealEstateRama) — As the Patrick-Murray Administration’s Division of Banks puts into place new rules regarding right-to-cure foreclosure notices and reverse mortgages, public informational hearings will be held to gather input on the regulations in late January.The upcoming regulations on the right-to-cure notices and reverse mortgages are part of legislation signed by Governor Deval Patrick in August 2010 as part of the Patrick-Murray Administration’s response to the foreclosure crisis in Massachusetts.