Order against The Mortgage Specialists Inc. of New Hampshire was taken after examinations by the Division of Banks

order against The Mortgage Specialists Inc. of New Hampshire was taken after examinations by the Division of Banks revealed it had knowingly inflated borrower income and falsified documents to secure loans. The regulatory move requires the company to place all remaining loans with a qualified lender or broker and forbids it from initiating any new mortgage loans pending a Division of Banks hearing on the firm's practices.Mortgage Specialists has 20 days to request such a hearing, otherwise the cease-and-desist order is permanent.<br />The Mortgage Specialists has offices in Peabody and Worcester. Boston Red Sox knuckleballer Tim Wakefield is a well-known spokesman for the firm.

Order against The Mortgage Specialists Inc. of New Hampshire was taken after examinations by the Division of Banks

order against The Mortgage Specialists Inc. of New Hampshire was taken after examinations by the Division of Banks revealed it had knowingly...

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