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Issue of July 21, 2008 |     |
HomeRun Strikes OutIt has been a wild July for former Boston city councilor and mayoral candidate Peggy Davis-Mullen. Center of Debate Even wealthy Newton isn’t immune from the growing indifference toward town centers. Newton Centre, a popular gathering spot 50 years ago, has lost its luster, and a group of residents, business owners and aldermen now are faced with the task of bringing it back to life. Realty Market Has Touch of Gas By Lorrie Beaumont There are many factors that have been linked to market conditions in the real estate world of late, but have you considered that the recent rise in the price of oil could be one of those factors? Mortgage Industry Shift Means Big Changes for Lenders By George DeMello Business, economic, and legislative trends cause many industries to move in cycles, and the mortgage industry is no exception. Nearly 20 years ago, many mortgage loan professionals left banks and other financial institutions to work at mortgage companies. Up until that point, the majority of mortgage loans were originated by banks. Since then, and more so within the past few years, the trend has begun to shift back to more loans being originated with banks because of the result of dramatic financial changes within the industry. Taxpayers On Hook For Mortgage Rescue By Rachel Beck We knew it could happen, even though they said it wouldn’t. The government is using our money again to haul private companies’ hindquarters out of the fire - this time it’s troubled mortgage giants Fannie Mae and Freddie Mac. Check & Balance Banker & Tradesman's editorial cartoon |
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