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Issue of January 7, 2008

Firm Plans Second Foreclosure Auction
By Aglaia Pikounis
The California-based firm that auctioned off more than 300 foreclosed properties in Boston two months ago is planning another auction in March.

Foreclosures Reach New Highs
Petitions to foreclose in Massachusetts topped 3,000 in October, which marks the second time in 2007 that threshold was crossed.

It Could Get Worse Before It Gets Better for Housing
By Aglaia Pikounis
Those hoping for a housing market recovery in 2008 may be disappointed.

Challenging Markets, Rules Changes Loom
By Amy Wyeth
Struggling housing and lending markets and major changes to laws and regulations affecting mortgage lenders and brokers will make their mark on the Bay State in 2008, shifting the nature of competition and significantly affecting consumers.

Investment Deals Seen Dropping in 2008
By Thomas Grillo
Tighter credit conditions are expected to limit the number of investment transactions in 2008.

Lenders Part Ways, Change Rules With State�s Mortgage Brokers
By Amy Wyeth
Since Indymac Bank told Massachusetts mortgage brokers that it would stop working with them following the implementation of new consumer protection regulations that took effect last Wednesday, another lender has followed suit.

Developers of Student Housing Hope Less Ends Up Being More
By Thomas Grillo
A perfect 10? The developers of student housing in Boston’s Fenway neighborhood hope that downsizing their proposed 34-story tower by 10 floors will win them neighborhood and city approval.

Realtors Hopeful MAR Course Will Help Them to Help Owners
By Aglaia Pikounis
South Shore Realtor George Raymond has received numerous phone calls in recent months from homeowners struggling to keep up with mortgage payments.

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