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Issue of December 17, 2007

Affordable Housing Law Survives Repeal Effort By Aglaia Pikounis An effort to repeal the state’s chief affordable housing law has failed. AG Issues Guidance on New Lending Regulations By Amy Wyeth Massachusetts Attorney General Martha Coakley has clarified that her new mortgage regulations do not prohibit the use of yield spread premiums by brokers and lenders. Home, Condo Sales Tumble in November By Aglaia Pikounis Buyers didn’t gobble up homes in November. Single-family home and condominium sales in Massachusetts plunged by double-digit percentages last month compared to a year ago and prices continued to slip. Cranberry Grower Hopes Plan For Plymouth Can Bear Fruit By Thomas Grillo A.D. Makepeace Co., the region’s largest cranberry grower, wants to build a mixed-use village in Plymouth. Hub Councilor Banks On Blight Ordinance By Aglaia Pikounis With foreclosure activity mounting in some sections of Boston, property neglect and deterioration have become a growing concern.		Rate-Freeze Proposal Making Local Industry Experts Wary By Amy Wyeth A U.S. government-backed plan to freeze mortgage interest rates for five years for certain subprime mortgage borrowers is drawing local reaction that’s guarded at best. Berklee’s Tower Plan Didn’t Hit the Right Notes for Some By Thomas Grillo Berklee School of Music’s plan for a 35-story tower in Boston’s Back Bay neighborhood has hit a sour note. Backers, Critics of 40B Regs Squabble Over Control Issue By Aglaia Pikounis Regulations proposed by Massachusetts officials to alleviate some of the tension between communities and developers over the state’s affordable housing law would strip control from cities and towns, according to some critics.

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