boston-real-estate-revere

There’s nothing exceptional about the boxy-looking two-family at 13 Essex St. in Revere.

What is remarkable is the story behind a subprime mortgage deal that allowed a Boston lab assistant making about $36,000 a year to buy the property with $670,000 in loans. This is a fascinating tale that illustrates how the suubprime crisis was caused, in part, by a web of relationships that included Wall Street, a big national bank and unscrupulous mortgage brokers.

Read the full story: Real Estate Loans Gone Bad

Call Now