From the Boston Globe Business Team
Mortgage firm to pay $425,000 to settle charges
August 19, 2008 02:30 PM
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A Manchester, N.H., mortgage company that does business in Massachusetts, New Hampshire, and Maine has agreed to pay $425,000 as part of a settlement with regulators.
The Mortgage Specialists, president Michael Gill, and compliance officer Lisa Tracy also agreed to submit to an independent review.
The New Hampshire state banking department accused the company of more than 60 violations, including forging signatures and destroying documents. Massachusetts banking officials accused the company of unfair and deceptive business practices.
Last month, Gill admitted to paperwork mistakes, but denied fraud.
(AP)
