Yearly Archives: 2011

Boston Bar Foundation Announces Grants of $1.1 Million

Boston, MA - August 29, 2011 - (RealEstateRama) -- The Boston Bar Foundation (BBF) today announced grants totaling $1.1 million to 25 Massachusetts community organizations providing a wide variety of core legal services -- from domestic violence and immigration to housing and homelessness. The $1.1 million represents an almost $50,000 increase in core legal services grants, compared with F.Y. '10.

MassHousing Honors NE Moves Mortgage for Being a Top-Producing Lender

BOSTON, MA - August 29, 2011 - (RealEstateRama) -- MassHousing has honored NE Moves Mortgage for being the Agency's top retail producer of first mortgages in 2010, an award the Waltham-based lender has won for the third consecutive year. NE Moves originated 150 MassHousing first mortgages for a total of $34.5 million in financing during calendar year 2010. In addition to being MassHousing's top retail producer in 2010, 2009 and 2008, NE Moves was MassHousing's top overall producer of first mortgages in 2006 and 2007.

Division of Banks Orders Internet Reverse Mortgage Companies to Cease Activity in Massachusetts

BOSTON, MA - August 29, 2011 - (RealEstateRama) -- Continuing the Patrick-Murray Administration’s ongoing efforts to fight deceptive advertising practices, the Division of Banks today announced that cease activity directives had been issued to five entities for marketing reverse mortgages to Massachusetts consumers.The five companies, Eldervantage, LLC; Lender 411, LLC; Senior Reverse Mortgage Online; Reverse Mortgage Helpdesk; and Reversemortgesite, were not approved to sell reverse mortgages in Massachusetts. The actions follow similar enforcement actions the Division of Banks has taken over the past three years in the area of unfair and deceptive advertising practices.

MassHousing Honors Seven Lenders for Commitment to Affordable Housing

BOSTON, MA - August 18, 2011 - (RealEstateRama) -- MassHousing has honored seven of its 2010 top-producing home mortgage lending partners for their commitment to affordable homeownership.

MassHousing Closes $28.9 Million in Loans to Renovate and Preserve Nearly 500 Public Housing...

BOSTON, MA - August 11, 2011 - (RealEstateRama) -- MassHousing announced today that it has closed $28.9 million in loans to renovate and preserve nearly 500 public housing apartments in East Boston and Dorchester.

Massachusetts Realtor Betsy Veidenheimer Joins Barrett & Company Real Estate

Concord, MA - August 10, 2011 - (RealEstateRama) -- With a resume that would dazzle even the most successful of entrepreneurs, Barrett & Company Real Estate is delighted to welcome Concord, MA native Betsy Veidenheimer to their growing family of agents serving home buyers and sellers of the Greater Boston area.

MassHousing Announces Loan Closing of $7.1 Million to Preserve Affordable Housing for Senior Citizens...

BOSTON, MA - August 9, 2011 - (RealEstateRama) -- MassHousing announced a loan closing today of $7.1 million to preserve affordability for senior citizens at the 80-apartment Lamplighter Village in Canton.

MA Wins $63.4 Mil To Expand Econ Development, Affordable Housing, Supportive Services

BOSTON, MA - August 9, 2011 - (RealEstateRama) -- Senators John Kerry and Scott Brown, along with Representatives Edward Markey, Jim McGovern, John Tierney, Stephen F. Lynch, and Niki Tsongas announced that 18 Massachusetts cities and towns will receive more than $63.4 million from the U.S. Department of Housing and Urban Development (HUD) to support economic development projects, increase affordable housing opportunities, improve area homeless shelters, and expand support services for low-income individuals living with HIV/AIDS and their families.

Kerry, Brown, McGovern, Capuano: $2 Million for Housing Help for Veterans in Worcester and...

BOSTON, MA - July 28, 2011 - (RealEstateRama) -- Senators John Kerry and Scott Brown, along with Congressmen Jim McGovern and Michael Capuano, today announced that two organizations that help homeless veterans in Massachusetts will receive two million dollars from the U.S. Department of Veterans Affairs to improve housing and expand support services for those with very low incomes.

June Massachusetts Home Sales Down as Prices Continued to be More Affordable

WALTHAM, MA - July 28, 2011 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that June sales were down from the same time last year, but up from this past May. Median prices for single-family homes were down less than two percent on a year-over-year basis, but continue to go up from the month before. While condominium sales were also down on a year-over-year basis, median prices were up for the third straight month. Condominium month-to-month sales and median prices were both up as well.

Northland Residential’sThe Villages at Brookside Sponsored CEU Class

Westborough, MA - July 26, 2011 - (RealEstateRama) -- The Villages at Brookside, located at 52 Brookside Road, sponsored two CEU classes taught by Anita Hill Training & Seminars and accredited by the Higgins Group License School on July 19th to support the continuing education of local real estate agents.

High Demand for New Construction in Boston Proper

Westborough, MA - July 26, 2011 - (RealEstateRama) -- Gordon's Woods Condominium's located at 990 VFW Parkway in West Roxbury reports an increase in demand for new construction within Boston Proper. In the past ten days, the complex reports five pending sales.

Tierney Fights to Protect Servicemembers from Illegal Foreclosures

Washington, DC - July 14, 2011 - (RealEstateRama) -- During this morning's Oversight and Government Reform Committee hearing, Congressman John Tierney, Ranking Member of the Subcommittee on National Security, called on Chairman Darrell Issa to refocus his attention on efforts to protect our servicemembers from illegal foreclosures, rather than standing up for the big banks responsible for these egregious actions. He also entered into the record a report compiled by the Democratic staff entitled "Fighting on the Home Front: The Growing Problem of Illegal Foreclosures Against U.S. Servicemembers." The report describes in detail the systemic nature of these problems.

Mayor Menino Announces $30 Million Improvement Project at Two Boston Housing Authority Developments

Boston, MA - July 12, 2011 - (RealEstateRama) -- Today, Mayor Thomas M. Menino announced a $30 million improvement project for the Heritage Apartments in East Boston and Lower Mills in Dorchester, both serving the disabled and elderly communities. The funding will provide energy efficient capital improvements and increased supportive services at both developments.

MassHousing Closes $1.759 Million Loan for Affordable Homes in Easthampton

BOSTON , MA - July 11, 2011 - (RealEstateRama) -- MassHousing announced today that it has closed a $1.759 million loan for the Homes at Easthampton Meadow, the third and final phase of a mixed-income, multi-generational housing community for seniors and families with foster or pre-adoptive children.

Recent

AG Healey Secures $2 Million in Restitution for 20,000 Massachusetts Homeowners...

One of the nation’s largest mortgage servicers will pay $2 million in restitution to resolve allegations that it violated state law and committed unfair and deceptive practices by charging Massachusetts homeowners for unnecessary fees and overpriced force-placed insurance policies, Attorney General Maura Healey announced today