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| Issue of April 2, 2007 |
Subprime TimeSubprime loans are prime-time news, as record numbers of Massachusetts residents face foreclosure. Realtors, lawmakers, lenders and residents alike are scrambling to find both quick fixes and long-term solutions. Silver Lining Despite an unparalleled number of foreclosures threatening to leave thousands of Massachusetts residents homeless, there is a glimmer of hope for Bay State residents. A Financial Lesson Plan By John B. Winne Much has been written lately concerning the number of subprime and nontraditional loans, as well as the terms of these loans that have been written to borrowers who lack the knowledge, understanding and financial acumen needed to successfully utilize these instruments. As a result, there is certainly a direct correlation between this type of lending activity and the increasing rate of foreclosure activity on both a local and national level. NESEA Conference Puts New Confidence and Feistiness on Display By Jim Miara The Northeast Sustainable Energy Association held its 32nd annual conference at Bostons World Trade Center last month and, despite dour reports of rising carbon dioxide levels in the atmosphere and crumbling arctic ice packs, the attendees all seemed to have a little extra spring in their steps. In fact, the exuberance was almost palpable. Check and Balance Banker & Tradesman's political cartoon. |
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