Not much going on in the way of real estate news, today. A couple articles on the subprime lending issue, but not much else.
Find best agent to sell your home – By Robert J Bruss, Inman News, by way of The Boston Globe
Covers the seven questions to ask a real estate agent before listing your property with him or her (Best question, “Who does your hair?”)
A ‘smoking gun’ on race, subprime loans – By Kimberly Blanton, The Boston Globe
New evidence shows that blacks and Latinos in Boston were more likely to get a high-cost, subprime mortgage when purchasing a home than were white borrowers at the same financial institutions.
The findings have been open to criticism.
One weakness of the report, lenders and advocates said, is that it excluded independent mortgage companies, such as New Century Financial Corp. and Fremont General Corp., which specialize in subprime loans and are major lenders in Massachusetts.
The Federal Reserve has also said in the past the data analyzed do “not provide a final basis on which to draw a conclusion” about whether lending is fair.
So, please, reporter, define “smoking gun”?
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Updated: 1st Quarter 2018
