Housing News

June 20, 2011
New England Housing Network Conference Resource Material Page
June 20, 2011
From MassBenchmarks: Massachusetts Economy Entering Recession, Third Quarter Growth Revised Downward, Tough Times Ahead The Massachusetts economy grew at an annual rate of 0.2 percent between September and October and was up 1.2 percent from October of last year according to the MassBenchmarks Current Economic Index. The current index is normalized to 100 in July 1987 and is calibrated to grow at the same rate as Massachusetts real gross state product over the 1978–2003 period.
June 20, 2011
DHCD, November 25, 2008: Governor Deval Patrick today awarded $1.35 million to 18 cities to spark urban revitalization efforts through a new state program designed to support affordable housing and economic development opportunities for mixed-income communities across Massachusetts. Funding from the new Gateway Plus Action Grant (GPAG) program will help recipient cities identify their specific housing or mixed-use development needs to enhance their economic vitality and the quality of life for all residents.
June 20, 2011
DHCD’s comprehensive plan for assistance through HUD's Neighborhood Stabilization Program (NSP) contains a combination of centralized resources (a statewide loan fund for acquisition, receivership assistance program, mortgage product support, etc) and targeted responses to specific high-priority geographic areas who request state assistance. Please use the links below to view full documentation of DHCD's plan:
June 20, 2011
DHCD’s comprehensive plan for assistance through HUD's Neighborhood Stabilization Program (NSP) contains a combination of centralized resources (a statewide loan fund for acquisition, receivership assistance program, mortgage product support, etc) and targeted responses to specific high-priority geographic areas who request state assistance. Please use the links below to view full documentation of DHCD's plan:
June 20, 2011
  The U.S. Government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access and capital. As part of that agreement, Treasury and the FDIC will provide protection against the possibility of unusually large losses on an asset pool of approximately $306 billion of loans and securities backed by commerical and residential real estate and other such assets. Click here for the full statement.
June 20, 2011
In order to support the streamlined modification program announced on November 11, 2008, Fannie Mae (NYSE:FNM) today issued a notice to its loan servicing organizations and retained foreclosure attorneys directing them to suspend foreclosure sales on occupied single-family properties as well as the completion of evictions from occupied single-family properties scheduled to occur from November 26, 2008 until January 9, 2009.
June 20, 2011
Washington Post - The Obama administration will soon inherit a $35 billion federal housing agency that was a weak backbencher during the housing crisis and moved too late to do much to keep millions of families from going into foreclosure.
June 20, 2011
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced that the HOPE for Homeowners (H4H) Board of Directors has approved changes to the program to help more distressed borrowers refinance into affordable, government-back mortgages. The changes will reduce the program costs for consumers and lenders alike while also expanding eligibility by driving down the borrower's monthly mortgage payments. Please click here to view the full news release on HUD's website.

Newsletter Sign-Up

Sign Up for Email Updates

Receive housing news and CHAPA updates straight to your inbox. Sign up today!