New homeowner protections against foreclosure in Massachusetts, mandated under legislation endorsed by Gov. Deval Patrick last summer, have finally taken effect after months of drafting. In what is largely being viewed as a solid compromise between consumers and the industry, the new rules block national and state lenders from foreclosing on a property if a modification will cost less. "This is a win-win for lenders and consumers, because the cost of modifying a loan is often less expensive than foreclosing," said Massachusetts Commissioner of Banks David Cotney. "This will assist us in Massachusetts to continue to restore the housing market back to a healthy state." The rules also forbid servicers from starting foreclosure proceedings against a homeowner who is awaiting a modification decision.