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Issue of January 28, 2008 |     |
Residential Mortgage Lending Down 60% From Peak LevelsBy Amy Wyeth The sky really is falling, at least on the local lending scene. Mortgage originations, once buoyed by a high-flying real estate market, slipped into a tailspin last year as the housing sector struggled and the subprime lending arena imploded. State’s Home Prices, Sales Down Sharply By Aglaia Pikounis Home prices in Massachusetts dropped nearly 5 percent in 2007, the second consecutive year they have declined, as sales sunk to their lowest level in 15 years. Lab Building Proposed for Longwood Medical Area By Thomas Grillo A Newton-based developer unveiled plans Monday night for a 9-story, research-and-laboratory building in Boston’s Longwood Medical Area. Florida Lender Reverses Bay State Policy By Amy Wyeth One of the three mortgage lenders to institute broker compensation changes in the wake of Attorney General Martha Coakley’s new mortgage regulations has reversed the new policy, barely a week after it went into effect. Boston 4th, Cambridge 5th on Costly Rental Market List By Aglaia Pikounis Boston and Cambridge rank as the fourth and fifth most expensive rental markets in the country, making them unaffordable for many area workers, according to a new study. AG Coakley Addresses Subprime ‘Avalanche’ By Amy Wyeth The chance to hear Massachusetts Attorney General Martha Coakley discuss her first year in office drew a crowd of more than 300, including a handful of local bankers, to a Greater Boston Chamber of Commerce breakfast in Boston Tuesday morning. Alexandra Hotel Plan Critics, Skeptics Surface By Thomas Grillo The Church of Scientology is moving to Roxbury. Condo Sales Hit Four-Year Low; Prices Also Endure Decrease By Aglaia Pikounis Condominium sales in Massachusetts fell in 2007 to the lowest point in four years, while prices dipped 2.6 percent. |
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