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Archive for June, 2007


Adjustable-rate loan resets give hint of things to come

I’ve hesitated to write this entry because I don’t know how to get across what I’m trying to say.
Basically, it’s this.
Over the past several years, homebuyers have taken out adjustable-rate mortgage loans in order to buy as much home as possible, for as little money as possible. Adjustable-rate loans tend to be at lower [...]



Has the Treasury chief been to Ohio, lately?

The major slump in the housing market is nearing an end and should not have a significant impact on the overall economy, Treasury Secretary Henry Paulson said yesterday.
‘We have had a major housing correction in this country,” Paulson said in an interview with a small group of reporters at the Treasury Department. “I do believe [...]



Private dormitory developer annoys everyone

So, a developer wants to build a dormitory behind the YMCA on Huntington Ave, near Northeastern University. The dorm rooms would be marketed to college students, from any area college.
This sort of building is more common in other cities; the New York Times ran a story about it, in March.
The $200 million tower would [...]



Are you getting a no-closing costs loan?

If so, Holden Lewis wants to hear from you.
CALL FOR SOURCES: Bank of America offers a loan program called the No Fee Mortgage Plus. It’s a mortgage with no fees. None. No origination fees, no title insurance, no mortgage insurance, no courier charges. With the No Fee Mortgage Plus, all you have to pay at [...]



Did Redfin balk?

Coming in off the blogosphere (edited for clarity):
From June 16 to July 8, Redfin is not accepting new listing customers. You can submit listing information now if you’d like, but we will not contact you or list your property until July 9. If Redfin has already committed to listing your property, you can be sure [...]



Live in luxury, $15,000,000

The Herald profiles a unit for sale at Trinity Place, in Boston’s Back Bay.
The entire top floor of the Trinity Place condo tower, a supersized eight-bedroom, eight-bath penthouse, recently hit the market. The asking price: $15 million.
The supersized unit, on the 18th floor of the luxury high-rise that overlooks Copley Square, was created after two [...]




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