Federal Reserve Bank of Boston Releases “State Foreclosure Prevention Efforts in New England: Mediation...
BOSTON, MA - September 29, 2011 - (RealEstateRama) -- Foreclosure initiations spiked in all the New England states during the recent economic downtown, ranging from a peak of less than 3.0% of outstanding mortgages in Vermont in 2010 to a peak of 5.5% of outstanding mortgages in Rhode Island in 2009. Across the entire New England region in 2010, more than 7% of all mortgage holders– nearly 133,000 homeowners – were seriously delinquent in making payments. In response, state and local policymakers have created their own foreclosure prevention programs to supplement those available nationwide.
HUD CHARGES MASSACHUSETTS LANDLORD WITH DISCRIMINATING AGAINST FAMILIES WITH CHILDREN
WASHINGTON, DC - September 28, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging Craig Robbins, a Springfield, Massachusetts landlord, with violating the Fair Housing Act for allegedly refusing to rent or show an apartment to families with children because he claimed he did not have certification that the apartment was free of lead-based paint.<
AG Coakley Sues Owner and Landlord of Cambridge Property for Housing Discrimination
BOSTON, MA - September 26, 2011 - (RealEstateRama) -- The owner and landlord of a Cambridge apartment building has been sued for violating state anti-discrimination, lead paint, consumer protection, and housing laws, Attorney General Martha Coakley announced today.
MassHousing Closes $45 Million Loan for Acquisition and Preservation of Affordable Housing in Lowell
BOSTON, MA - September 22, 2011 - (RealEstateRama) -- MassHousing announced today that it has closed a $45 million loan for the acquisition and preservation of the 432-unit Westminster Village Arms apartments in Lowell.
SBA Disaster Loans Available for Homeowners, Renters and Businesses
WESTFIELD, MA - September 21, 2011 - (RealEstateRama) -- U.S. Small Business Administration (SBA) low-interest disaster loans are not limited to just business owners. They are also a main source of aid for individuals and families with damage and losses from Tropical Storm Irene.
MassHousing Announces Second Best Lending Year in Agency’s 45-Year History
BOSTON, MA - September 20, 2011 - (RealEstateRama) -- MassHousing announced today that it provided $792.5 million for affordable housing in fiscal year 2011, helping to drive the Agency to its second-best lending year in its 45-year history.
Tierney, Lawmakers, Renew Call for Meeting with Housing Regulator
Washington, DC - September 14, 2011 - (RealEstateRama) -- Today, Congressman John Tierney joined Congressman Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, Congressman Dennis Cardoza, Co-Chair of the Housing Stabilization Task Force, and dozens of lawmakers in sending a letter to Edward DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA), renewing their request for a meeting to begin discussing a plan to allow more American families to refinance their mortgages at historically low interest rates.
Jacob Clayton Offers Industry Insight at Leading Real Estate Companies of the World® Fall...
Concord, MA - September 14, 2011 - (RealEstateRama) -- Jacob Clayton, Executive Director of Business Development, at Barrett & Company Real Estate was a speaker at the recent Leading Real Estate Companies of the World® Fall Workshop in Providence, RI. The meeting attracted brokers, managers and relocation professionals from Leading Real Estate Companies of the World®, a global network of 550 premier real estate firms. His session, Rental & Property Management Opportunities in Today’s Market, addressed a topic of vital interest in the real estate community, sharing insights to help educate fellow LeadingRE members.
Mayor Menino “Welcomes Home” 12 First-Time Homebuyers of Foreclosed Properties
Boston, MA - September 13, 2011 - (RealEstateRama) -- Mayor Thomas M. Menino today joined Evelyn Friedman, Director of the Department of Neighborhood Development (DND), and 12 first-time homebuyers of formerly foreclosed properties for a housewarming celebration on Rockwell Street in Dorchester.
MassHousing Honors Cape Cod Five Cents Savings Bank for its Commitment to Affordable Home...
Boston, MA - September 8, 2011 - (RealEstateRama) -- For the second year in a row, Cape Cod Five Cents Savings Bank made more affordable MassHousing home mortgage loans than any other Barnstable County lender.
Ryan Corvino uses IDX Broker and WordPress blog to keeps buyers informed in Boston...
EUGENE, OR - September 8, 2011 - (RealEstateRama) -- IDX, Inc. and Ryan Corvino have united to present Boston, Massachusetts home seekers with a unique online real estate solution. Corvino has enabled IDX Broker software on his professional website and created an innovative property search resource that gives his clients access to thousands of Massachusetts MLS (MLSPIN) listings. IDX Broker now extracts raw listing data from MLSPIN and seamlessly displays it onto the search page Covino hosts, simplifying the online real estate search process for agents, brokers and home seekers alike.
Boston Receives $20.5M HUD Grant to Transform Dorchester’s Quincy Corridor
Boston, MA - September 1, 2011 - (RealEstateRama) -- Mayor Thomas M. Menino today joined U.S. Department of Housing & Urban Development Secretary Shaun Donovan as HUD announced that Boston is receiving $20.5M to redevelop the Woodledge/Morrant Bay Apartments and revitalize Dorchester’s Quincy Corridor.
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.