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Issue of March 10, 2008 |     |
Lowell Foreclosures Suggest New TacticsBy Amy Wyeth Foreclosures were a frequent occurrence in Lowell last year. There were 283 foreclosure deeds filed in the city, including 108 for single-family homes. Bankers, Brokers Propose Changes to Mortgage Reg By Amy Wyeth Attorney General Martha Coakley’s new consumer-protection mortgage regulation could use a few additions but is basically fine, according to the Massachusetts Bankers Association. MAHA Loan Report Identifies ‘Reverse Redlining’ in Boston 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. Fannie, Freddie Reset Criteria for Mortgage Loans They’ll Buy By Amy Wyeth Fannie Mae and Freddie Mac will no longer buy mortgage loans on which the home value appraisal is not independent, the government-sponsored loan purchasers announced last Monday. |
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