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Business in brief

State orders Mass Lending to cease all operations

January 12, 2008

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The Massachusetts Division of Banks filed a cease-and-desist order against Mass Lending LLC, a Needham mortgage company. The agency said Mass Lending falsified borrowers' incomes on at least a dozen loan applications, for example recording the income of a personal care attendant as $74,556 when in fact the applicant earned about $22,057. The company also was cited for other violations, ... (Full article: 631 words)

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