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Issue of March 3, 2008

Report: Racial Disparities in Lending Cut Across Income Levels By Amy Wyeth Black and Latino homebuyers in Massachusetts continue to receive high-cost mortgage loans more often than their white or Asian counterparts, regardless of their incomes, according to a new report. Cape Realtors’ Duties Changing With Times By Aglaia Pikounis Portuguese-speaking Realtors on Cape Cod used to keep busy helping an influx of Brazilians who were seeking homes. Boston Mayor Pulls Support Of Lowe’s Store in Brighton By Thomas Grillo Mayor Thomas M. Menino has withdrawn his support for the first Lowe’s Home Improvement store in Boston following intense community opposition. Venerable Hub Firm Closes Up By Thomas Grillo After more than a century of selling luxury homes, R.M. Bradley & Co. closed its residential brokerage last week.		BU Pays $7M for Albany Street Site; Plans Housing for Medical Students By Aglaia Pikounis Boston University plans to build housing for its medical school students along Albany Street in Roxbury. Loan Report Finds ‘Reverse Redlining’ in Hub By Amy Wyeth “High-risk” subprime lenders closed far more loans in minority and low-income neighborhoods in 2006 than in majority-white neighborhoods with higher median incomes, according to a report released Thursday by the Massachusetts Affordable Housing Alliance and six other fair lending advocacy groups across the country. North End Residents, Condo Proponents Clash at Hearing By Thomas Grillo A shouting match nearly silenced a public hearing Tuesday night in Boston's North End. NAR Economist: New England Home Market May Recover Early By Aglaia Pikounis New England’s housing market may be one of the first to emerge from the national slump. Patrick Pans Proposal to Eliminate Income Tax By Thomas Grillo In his strongest words yet, Gov. Deval Patrick denounced a ballot question that would eliminate the state income tax. Battle Between Shareholder, Massbank Execs Gets Intense By Amy Wyeth Signaling that the battle between activist-shareholder Lawrence Seidman and Reading-based Massbank is intensifying, the Massbank Corp. board of directors has changed the bank’s bylaws.

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