Residential Real Estate
Americans Focus on Debt Reduction as Debt Climbs
More than half of Americans are placing debt reduction as their top priority this year.
Personnel File
In this week’s Personnel File, banks, credit unions, residential realty offices and architecture firms grow their teams.
Frozen Credit Files Can Slow Mortgage Process
Nearly a year after the catastrophic Equifax hack exposed 147 million Americans’ personal and financial data to cybercriminals, consumers are about to get a break – something especially useful for homebuyers and owners.
Appraisal Fee Changes and Tolerance Credits: What to Do When There’s a Moat
This is a tip that might save some residential mortgage lenders a few bucks in tolerance credits.
Southie Power Plant Redevelopers Offer Transit Upgrades
Redevelopment of the former Boston Edison power plant in South Boston would get more parking and fewer housing units under an updated plan unveiled by developers this week.
GE Capital Exit Provides Redevelopment Opportunity
The departure of GE Capital from a Connecticut office park will enable National Development to expand its senior living portfolio.
Airbnb Offers Lesson in Extra Teacher Income
With the future of a short-term rental regulation and taxation bill now uncertain, Airbnb on Wednesday released new data it said shows how the home-sharing platform can help teachers bring in extra income.
U.S. Household Debt Hits New Highs in Q2
Total household debt hit new highs in the second quarter of the year and has now increased for 16 consecutive quarters.
Allston-Brighton Veterans Supportive Housing to be Completed in 2019
A new Allston-Brighton project called the Residences at Brighton Marine will be one of the largest veterans’ developments nationwide, according to a statement made by the architect on the project, The Architectural Team Inc.
CPC Provides $25.4M to Refinance Multifamily Portfolio in Western Massachusetts
A New-York based nonprofit affordable housing and community revitalization finance company deployed more than $840 million in capital to communities in fiscal year 2018, a 102 percent increase over the company’s FY 2017 activity. Four of those projects were in Massachusetts.
Personnel File
In this week’s roundup, banks and mortgage lenders expand their teams with senior staff and plenty of new hires.
MassHousing’s Mortgage Product Aids Families in Path to Homeownership
As MassHousing watched the economy swing back into high gear, we witnessed first-hand the impact on the housing market.
‘Score Planner’ Tool Offers Customized Path to Better Credit
If you’re seriously thinking about buying a home in the months ahead, you almost certainly know how important your FICO credit score will be in getting a mortgage.
Mattapan Multifamily Complex Fetches $65M
A Waltham real estate investment firm has acquired the Fairlawn Apartments, a 347-unit apartment complex in Boston’s Mattapan neighborhood.
Maverick Square Property Sold to Brookline Investor
An affiliate of Brookline-based Newman Properties has acquired a multifamily property in East Boston’s Maverick Square as a value-add investment property.
Consumer Credit Slows in June
The growth of consumer spending slowed in June, coming in under projections of economists, according to recent data from the Federal Reserve.
Boston Releases New Microapartment Rules
Multifamily developers could build smaller housing units and fewer parking spaces beginning this fall, offering potentially significant project cost savings as the city prepares to embrace the microapartment movement.
Walsh Gains Ground on Building Permits
Boston Mayor Marty Walsh doesn’t strut around acting like the city’s development czar. He doesn’t design tower tops, as his legendary predecessor did, to the detriment of the city’s skyline, with the resulting “baby bottle” high-rise at 111 Huntington.
Escrow-Free Loans Raise Credit-Risk Questions
Do you really need an escrow account attached to your mortgage? Aren’t you capable of remembering when it’s time to pay tax and insurance bills? These questions suddenly are more controversial than you might guess.
Community Good Works
In this week’s Community Good Works, banks and mortgage lenders donate and volunteer in their communities.
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