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 Issue of July 21, 2008 
   


Shore Bets
By Laura Schreier
Geoffrey A. Gordon remembers the low-tech days when he’d figure out a home’s insurance risk using a chart and a calculator.



Bracing For The Big One
By Laura Schreier
The East Coast has it coming. And it might get here pretty soon – quite probably in the next couple months.



Cha-Ching! Patrick OKs DOB’s 44% Budget Jump
By Amy Wyeth
The Legislature passed a new mortgage oversight law last year, and this year the Division of Banks was rewarded in the $28.1 billion FY09 state budget with a 44 percent increase.



Former Council Member’s Co. Strikes Out
By Cory Hopkins and Amy Wyeth
A surprise inspection at a mortgage brokerage earlier this month found several incidences of possible fraud by a former Boston city councilor, the Division of Banks said. That prompted the division last week to issue a temporary cease-and-desist order against Dedham-based HomeRun Mortgage.



Sox Have Eyes On Another Fenway Parcel
By Thomas Grillo
A plan to move a Boston performing arts high school from the Fenway to the Theatre District could give the Red Sox a chance to expand their real estate holdings around Fenway Park.



‘TD Bank’ Ends Commerce Name Game
By Amy Wyeth
TD Bank, America’s Most Convenient Bank – that’s the new name TD Banknorth and N.J.-based Commerce Bank agreed upon Wednesday in place of the previously announced “TD Commerce Bank,” which faced a lawsuit.



Market Turmoil Means Changes To MassHousing Lending Rules
By Amy Wyeth
Fannie Mae is tightening its underwriting standards, which will impact quasi-state agency MassHousing. But a new arrangement be-tween the two entities will allow MassHousing to make loans that are unavailable elsewhere in the state.



$1.75B Assembly Sq. Project to Finally See Groundbreaking
By Thomas Grillo
After a decade of delays and courtroom battles, the $1.75 billion project at Assembly Square in Somerville is expected to break ground after Labor Day.



Brokers: Fort Point Condo Project Too Pricey for Neighborhood
By Thomas Grillo
Marketing for FP3, the $55 million luxury condominium project behind Boston’s Children’s Museum, is off to a rough start.




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