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Citizens' Housing and Planning Association: News


Federal Reserve Reaches Agreement with Goldman Sachs and Morgan Stanley to Pay $557 million to Mortgage Borrowers - January 18, 2013

For immediate release (From the Federal Reserve Board)

Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.

CHAPA Housing Briefs - January 16, 2013

State Updates

Governor Files Legislation to Replace Local Housing Authorities with Six Regional Agencies

MassHousing Lended Over $1 billion for Affordable Homeownership in 2012 - January 15, 2013

BOSTON – January 10, 2013 – On the heels of recent good news about fewer foreclosures, rising home prices and increased home sales comes another encouraging sign for the Massachusetts housing market. MassHousing reported today that it provided more than $1 billion in home mortgage loans last year, exceeding by 52 percent the Agency’s previous record for homeownership lending in a calendar year.

MassNAHRO Issues Response to Governor's Public Housing Legislation - January 10, 2013


The association representing 242 local housing authorities in Massachusetts, rejecting Governor Patrick’s proposal to eliminate local responsibility for public housing, announced today it will propose a sweeping reform of public housing that would promote greater cost efficiency without sacrificing the longstanding tradition of local control and decision-making.

Governor Patrick Announces Legislation to Improve Oversight, Efficiency of Local Housing Authorities - January 10, 2013

Legislation continues reforms the Administration has made to strengthen the Commonwealth’s Public Housing System and to promote regionalization

Fannie Mae Announces $10.3 Billion Agreement with Bank of America - January 8, 2013

From Fannie Mae Press Release:

Fannie Mae Reaches Comprehensive Resolution with Bank of America, Yielding Positive Outcome for Taxpayers

OCC and Fed Come to $8.5 Billion Agreement with Ten Mortgage Servicing Companies - January 8, 2013

From the Federal Reserve Bank of Boston:

Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance

WASHINGTON--Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers.

Senate Confirms Carol Galante as Assistant Secretary for Housing and Commissioner of the Federal Housing Administration (FHA); Secretary Donovan Issues Statement - January 2, 2013

Statement by HUD Secretary Shaun Donovan

on the Senate’s Confirmation of FHA Commissioner Carol Galante

“Today, the United States Senate took the important step of confirming Carol Galante to become the next Assistant Secretary for Housing and Commissioner of the Federal Housing Administration (FHA). I am pleased that a bipartisan majority in the Senate agreed that Carol offers responsible leadership at a time when we are pursuing necessary reforms to stabilize FHA’s financial outlook.

DHCD Winter Newsletter

Please go here to view the DHCD Winter Newsletter which includes Governor Patrick's annoucment on the new housing initiative, a message from Undersecretary Gornstein, Lt. Gov. Murray's accouncement of the goal of 1,000 new units of Supportive Housing by 2015 and announcements from around the Commonwealth.