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Issue of December 1, 2003 |     |
Mortgage SecuritiesThe mortgage industry recently came out with a quick one-two punch aimed at knocking out abusive and predatory lending practices in the Bay State. Announced separately, but with both initiatives aimed at the same target, local mortgage trade groups are recommending licensing for loan officers while introducing loan programs for credit-impaired and low- and moderate-income borrowers. Rate on Target Boston Mayor Thomas M. Menino deserves praise for recently introducing a plan designed to shield homeowners from skyrocketing property taxes. A revised version of his original plan eventually gained the support of both Gov. Mitt Romney, a Republican, and Senate President Robert E. Travaglini, a key Democrat, as well as local real estate players before being passed by the state Legislature at the end of its session last week. It now sits on Romney’s desk, awaiting his anticipated approval. Brain Drain: Is Massachusetts Losing Its Best Minds? By Jim Miara In the land of the knowledge economy the city with the largest assemblage of brains is king. That’s why it is so disturbing to hear reports that Boston, with one of the largest concentrations of colleges and universities in the country, is losing young people between the ages of 20 and 34 at a breakneck pace. Check & Balance Banker & Tradesman's political cartoon. |
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