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MassHousing mortgage program is booming

Want a low-downpayment mortgage — with NO mortgage insurance?

MassHousing, a quasi-state agency, is now offering such mortgage products. And they’re apparently going like hotcakes, quadrupling MassHousing’s mortgage-loan business.

Reading the story, its seems MassHousing is taking some risks with the no-mortgage insurance product. But not big risks, as long as they stick to their qualification standards. The program seems pretty solid.

File under: Not bad

One Response to MassHousing mortgage program is booming

  • Either you want to live in a noisy city or a quiet suburb.I coemeltply disagree with you here. That is coemeltply a matter of urban planning. Look at New Orleans, for example. “Quiet”, residential streets lie right next to Bourbon Street, which is perhaps an epitome of raucousness. The problem would be if someone wanted to be an idiot at try to build condos on Bourbon Street. It sounds like that’s what keeps happening in SF — developers keep converting commericial-zoned spaces into residential, and the city gov’t doesn’t have the balls to say no.I want to live in a residentially-zoned section of a noisy city — but a section that has historically been residential, not plopped down in the middle of a commercial area. Yes, there’s some spillover in terms of traffic (drunken or otherwise), but the problem is sensible (as opposed to “make a fast buck”) urban planning, not nimbyism.