Boston real estate foreclosures, the commonwealth
So, the Patrick Deval administration came out with a plan this week to assist homeowners facing foreclosure. The plan, if approved, would help homeowners refinance their mortgage loans. The loans would only be available to those with loans less than 60-days past due,...subprime lending crisis, the commonwealth
Terrible idea. Terrible. From the Boston Globe: Massachusetts officials today are expected to unveil a $250 million fund to help delinquent borrowers of subprime mortgages refinance into more affordable loans to prevent them from losing their homes to foreclosure. The...subprime lending crisis, the commonwealth
The Patrick Administration is exploring a massive, state-backed bailout of homeowners saddled with risky subprime mortgages as foreclosure rates go through the roof, according to executives briefed on the plans. Administration officials are exploring plans to create a...