Joseph Smith, the monitor for the National Mortgage Settlement agreement, has found that major servicers are failing to fully comply with the mortgage servicing standards. As detailed a June 19th press release by the Office of Mortgage Settlement Oversight, recent tests of five of the nation's largest banks found that four - including Bank of America, Citigroup, JP Morgan Chase and Wells Fargo - failed at least one of the 29 metrics used to measure compliance. The most common problem was failure to notify ho
Housing News
June 20, 2013
June 17, 2013
This power point presentation was delivered by Dr. Chris Foote, Senior Economist and Policy Advisor with the Federal Reserve Bank of Boston, at CHAPA’s June 3 forum. Please click here to view it..
June 17, 2013
Financing will support 318 units of affordable housing in Boston, Centerville, Haverhill, Paxton, Westhampton and Worcester
BOSTON – June 12, 2013 –
MassHousing and the state Department of Housing and Community Development (DHCD) announced $9.3 million in Affordable Housing Trust Fund (AHTF) loan closings today for affordable housing communities in Boston, Centerville, Haverhill, Paxton, Westhampton and Worcester.
Patrick Administration Announces $25.8 Million to Build or Preserve 694 Housing Units- June 14, 2013
June 14, 2013
Boston – June 14, 2013 – Culminating Commonwealth Housing Week and continuing the Patrick Administration’s commitment to improving housing infrastructure to support growth and opportunity throughout the state, the Department of Housing and Community Development today announced $25.8 million in affordable housing resources and tax credits for nine developments in seven communities. In all, the nine projects across Massachusetts will create 694 units of housing and an estimated 600 construction jobs.
June 11, 2013
Housing Week Twitter Town Hall
Friday, June 14, 2013
1 p.m. – 2 p.m. EST
Hosted by @Mass_Consumer and @MA_DHCD
#MAhousingweek
The Massachusetts Office of Consumer Affairs and Business Regulation and the Massachusetts Department of Housing and Community Development invite homeowners, industry leaders, advocates, and the general public to participate in a Twitter Town Hall surrounding housing issues.
June 11, 2013
GOVERNOR PATRICK ANNOUNCES MASSACHUSETTS HOME OWNERSHIP COMPACT
Proclaims June 10-16, Commonwealth Housing Week
June 5, 2013
For Immediate Release - June 05, 2013
Secretary of Housing and Economic Development Greg Bialecki today announced the formation of a new Multi-Family Advisory Committee, which will advise the Department of Housing and Community Development on how to build broader support for multi-family housing. This announcement continues the Patrick Administration’s work in building a coalition of leaders committed to creating more housing in Massachusetts.
May 31, 2013
BOSTON, May 31, 2013 --- A 2012 law that requires banks to notify borrowers of their rights to pursue a loan modification before foreclosing may be a factor in the precipitous drop in foreclosures in the first quarter of 2013.
May 30, 2013
BOSTON – Thursday, May 30, 2013 – As part of Lieutenant Governor Timothy Murray’s transition, the Lieutenant Governor today announced new leadership to chair and oversee policies to end and prevent homelessness, substance abuse and sexual and domestic violence. Since his first term in office, the Lieutenant Governor has been the Administration’s lead on these three major policy initiatives to help some of the Commonwealth’s most vulnerable populations.