Mortgage
Attorney General Martha Coakley Obtains Preliminary Injunction Against Option One and H&R Block, Accused of Deceptive and Discriminatory Lending Practices
November 13, 2008 Posted by Massachusetts Real Estate
BOSTON, MA - November 13, 2008 - (RealEstateRama) — Attorney General Martha Coakley’s Office has obtained a preliminary injunction against Option One Mortgage Corp. (“Option One”) and H&R Block Mortgage Corp. (“H&R Block Mortgage”), subprime lenders that originated thousands of loans in Massachusetts. The order, granted Monday by Judge Ralph D. Gants in Suffolk Superior […]
Mortgage Subsidy Program
October 29, 2008 Posted by Massachusetts Real Estate
October 29, 2008 - (RealEstateRama) — The Town of Amherst is currently accepting applications from moderate-income households, whose incomes are below 80% of the HUD defined area medium income, to participate in the Town’s mortgage subsidy program to purchase a home in Amherst, MA.
Attorney General Martha Coakley Reports to Congress on Mortgage Industry’s Lack of Action on Loan Modifications
September 18, 2008 Posted by Massachusetts Real Estate
AG submits testimony to Congressman Frank’s Committee; testimony included below
BOSTON, MA - September 18, 2008 - (RealEstateRama) — Massachusetts Attorney General Martha Coakley submitted testimony to the U.S. House Financial Services Committee regarding her office’s findings and observations with regard to the lack of progress in securing mortgage loan modifications for homeowners who are […]
MassHousing Makes Loan Commitments of up to $15.1 Million for Final Phases of the Revitalization of the Franklin Hill Public Housing Development in Dorchester
April 14, 2008 Posted by Massachusetts Real Estate
Redevelopment of the Boston Housing Authority’s “most troubled’’ housing development will result in 266 new affordable apartments in townhouses and mid-rise buildings
BOSTON – MassHousing announced loan commitments today of up to $15.1 million for the final two phases of the four-phase redevelopment and revitalization of the Franklin Hill Public Housing Development in Dorchester.
Subprime Mortgage Crisis Causing African-Americans to Experience Greatest Loss of Wealth in Modern US History
January 15, 2008 Posted by Massachusetts Real Estate
Racial Bias of Subprime Mortgage Lenders Accounts for 40% Difference in Losses Between Whites and People of Color
Boston—A new report says the subprime mortgage crisis will cause African-Americans to experience wealth losses of between $71 billion and $122 billion over its duration. The racial bias of subprime mortgage lenders accounts for a 40% difference in […]
Subprime Crisis Exposes Deficiencies in Risk Management Among Financial Institutions Globally
December 3, 2007 Posted by Massachusetts Real Estate
New TowerGroup Research Explores ‘Multifunctional Integration’ as the Positive Side of Risk
NEEDHAM, Mass., Dec. 3 /PRNewswire/ — The recent crisis in the subprime lending market exposed structural deficiencies in the financial system globally, particularly around the area of risk management. New research from TowerGroup finds that many financial institutions continue to view and manage risk […]
Massachusetts Awarded $3.2 Million for Affordable Housing
November 29, 2007 Posted by Massachusetts Real Estate
Amherst, Boston, Haverhill, Hull, Plymouth, and Worcester Initiatives Will Create 252 Rental and Ownership Units
BOSTON, Nov. 29 /PRNewswire/ — The Federal Home Loan Bank of Boston (the Bank) awarded $3.2 million in grants, loans, and rate subsidies to fund 252 units of affordable housing in Amherst, Boston, Haverhill, Hull, Plymouth, and Worcester.
RISI Predicts Housing Affordability To Improve 15% By Early 2008
November 13, 2007 Posted by Massachusetts Real Estate
BOSTON, Nov. 13 /PRNewswire/ — RISI, the leading information provider for the global forest products industry, today announced that the RISI Housing Affordability Index is expected to drop to nearly 11% in early 2008.
Mortgage Foreclosure Prevention
November 7, 2007 Posted by Massachusetts Real Estate
Governor Patrick’s five point foreclosure prevention plan is designed to keep people in their homes and stabilize neighborhoods across the Commonwealth:
ATTORNEY GENERAL MARTHA COAKLEY ISSUES FINAL MORTGAGE BROKER AND LENDER REGULATIONS
October 25, 2007 Posted by Massachusetts Real Estate
New Regulations Will Ban Unfair or Deceptive Lending Practices That Contributed to Foreclosure Crisis
BOSTON - Today, Attorney General Martha Coakley filed finalized regulations with the Secretary of State’s Office to expand the scope of the existing mortgage lender and broker regulations prohibiting certain unfair and deceptive advertising practices.