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Subprime loan lending to hit housing market

Subprime loan lending to hit housing market

Boston real estate foreclosures, mortgage loans, subprime lending crisis

Boston Condos for Sale and Apartments for Rent Loading... Subprime loan lending to hit housing market If you thought the subprime mortgage crisis had been relegated to the history books, think again. Like cleaning up glitter, the bulk of the mess may be gone, but...

Foreclosures plummet in Massachusetts!

Boston real estate foreclosures

Great news! Foreclosure activity in Massachusetts has ground to a halt! Petitions to foreclose in the Bay State dropped precipitously in May after 28 months of steady increases. Massachusetts Land Court recorded 390 foreclosure petitions in May, about one-tenth of the...

Boston foreclosure and subprime data, 1990-2007

Boston real estate foreclosures, subprime lending crisis

The Federal Reserve Bank of Boston has put together a fantastic interactive map of foreclosures and subprime loan information covering each city and town in the Commonwealth over the past two decades (thanks to the Boston.com real estate blog for the heads-up). I...

More info gathered on causes of foreclosures

Boston real estate foreclosures

The Boston Fed has released details of a study where it found that the majority of homeowners who are entering into foreclosure had “prime” loans, but encountered difficulty only after refinancing their homes, sometimes more than once, increasing their...

Congresswoman’s home foreclosed; sold at auction

Boston real estate foreclosures

Jiminy Cricket! No doubt, a victim of predatory lending? The Sacramento home of Rep. Laura Richardson was sold in a public auction two weeks ago for $388,000. The Southern California Democrat bought the house for $535,000 with no money down in January 2007 and owed...

Family faces bankruptcy, foreclosure … and no doubt, madness

Boston real estate foreclosures, subprime lending crisis

A story that will at times bring you to tears of sympathy while also leading you to shout out in anger. From the Journal: The Borrowers: Sherrie Floyd, 44, a clerical assistant at the Kaiser Foundation, and her husband, Kevin Floyd, 45, a truck driver in Vallejo,...
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Family faces bankruptcy, foreclosure … and no doubt, madness

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