WALTHAM, MA - June 29, 2010 - (RealEstateRama) -- Up to 3,930* Massachusetts home buyers will lose their tax credit through no fault of their own if Congress fails to pass an extension to the home buyer tax credit closing deadline of June 30. The National Association of REALTORS® (NAR) also estimates that up to 180,000 home buyers across the country would lose out on the tax credit

BOSTON, MA - June 25, 2010 - (RealEstateRama) -- Investment giant Morgan Stanley (Morgan) will pay $102 million to affected Massachusetts homeowners and the Commonwealth following an investigation by the Attorney General’s Office into Morgan’s role in the securitization and financing of Massachusetts subprime loans, Attorney General Martha Coakley announced today.

MEDFORD, MA - June 24, 2010 - (RealEstateRama) -- Rep. Edward J. Markey (D-Malden) announced Monday that over $6 million in combined federal and state funding will soon be released for the preservation of 272 rental housing units, 251 of which will be set aside as affordable housing, for the City of Malden. The maintenance and restoration of these rental units will boost the availability of affordable housing in Malden, while creating jobs and fostering economic growth

BOSTON, MA - June 22, 2010 - (RealEstateRama) -- As part of the Patrick-Murray Administration's ongoing commitment to boost affordable housing production, create jobs and foster economic growth, Governor Deval Patrick today pledged more than $189.9 million in resources leveraged from various affordable housing programs and private investment to support the construction of 32 rental developments in 19 communities across the state which will yield an estimated 2,400 construction jobs."By investing this targeted blend of public and private resources to spur housing development, we are creating jobs, boosting local businesses, strengthening communities and building a better, stronger Commonwealth," said Governor Patrick.

June 18, 2010 - (RealEstateRama) -- A consortium of mortgage lenders, community group leaders, and state and federal government officials are moving forward on initiatives that would make the mortgage modification process easier for homeowners, and likely allow more families to stay in their homes as they solve their potential foreclosure problems.Since February, a group that includes community groups like the Brockton Interfaith Community (BIC), the Patrick-Murray Administration's Office of Consumer Affairs and Business Regulation, the Federal Reserve Bank of Boston, the U.S. Treasury, and 10 banks, has been regularly meeting - including summit meetings on Feb. 19 and April 12 - discussing ways to make the loan modification process work better for homeowners. The group is focusing on three areas

NEW BEDFORD, MA - June 17, 2010 - (RealEstateRama) -- A vacant industrial site along the Acushnet River contaminated with polychlorinated biphenyls (“PCBs”) and solvents will be cleaned up and prepared for redevelopment under an agreement Attorney General Martha Coakley’s Office and the Massachusetts Department of Environmental Protection (MassDEP) reached with AVX Corporation (“AVX”).

BOSTON, MA - June 7, 2010 - (RealEstateRama) -- Saugus based Eastern Property Management Group, Inc. (“Eastern Property”) is being sued by Attorney General Martha Coakley for allegedly posting discriminatory rental advertisements on the popular classified advertising website Craigslist.org (“Craigslist”). This latest filing stems from the Attorney General’s ongoing statewide investigation into reports of widespread discriminatory Internet advertising in housing. The Attorney General’s Office is seeking an order prohibiting Eastern Property from engaging in housing discrimination, requiring fair housing training for its employees, compensatory and punitive damages, civil penalties, and attorney’s fees and costs.

WALTHAM, MA - June 2, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes put under agreement in May were down 3.0 percent over the same time last year, while condominiums were down 6.0 percent. May is the first month since July 2009 that the number of both single-family homes and condominiums put under agreement has decreased compared to the year before.

Partnership between MassHousing, city of Brockton, Brockton Housing Partnership, and lenders will help create opportunities for buyers who buy properties in need of repair. BOSTON, MA - June 1, 2010 - (RealEstateRama) -- MassHousing announced a new initiative today in partnership with the city of Brockton, Brockton Housing Partnership, and area lenders to make grant funds available to first-time homebuyers who purchase foreclosed homes in Brockton.

Barstow Village will provide 66 affordable apartments for senior citizens. BOSTON, MA - May 27, 2010 - (RealEstateRama) -- MassHousing announced $2.4 million in loan commitments today for the development of Barstow Village in Hanover, which will provide 66 affordable apartments for senior citizens.

BOSTON, MA - May 25, 2010 - (RealEstateRama) -- MassHousing recently honored Cape Cod Five Cents Savings Bank for being the Agency’s top-producing lender in Barnstable County in 2009.

BOSTON, MA - May 25, 2010 - (RealEstateRama) -- At its annual awards ceremony honoring lenders for their commitment to affordable home mortgage lending, MassHousing recognized Sovereign Bank as the Agency’s top originator of MassHousing Home Improvement loans in 2009

May 21, 2010 - (RealEstateRama) -- The City of Springfield, in conjunction with Daniel J. Flynn & Co. of Quincy, will auction off 39 (thirty-nine) properties in tax-title possession on Tuesday, June 8, 2010. Registration begins at 5:00 P.M. and the auction begins at 6:00 P.M. The Auction will be conducted ballroom-style, at Springfield City Hall located at 36 Court Street, Springfield, MA

Latest phase in project will result in 56 affordable rental apartments and townhouses. BOSTON, MA - May 20, 2010 - (RealEstateRama) -- MassHousing announced a $13.5 million construction loan commitment today to an affiliate of Trinity Financial of Boston for Phase 2B of the ongoing Washington Beech public housing redevelopment in Roslindale.

BOSTON, MA - May 19, 2010 - (RealEstateRama) -- MassHousing recently honored 12 of its 2009 top-producing lending partners at the Agency’s annual Homeownership Awards Ceremony. The annual event recognizes MassHousing’s lending partners for their excellence in promoting and originating MassHousing Mortgage products for Massachusetts residents.