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...Boston real estate - buying a home, mortgage loans, the commonwealth
Governor Patrick Deval has proposed new regulations to protect borrowers from the dangers of subprime loans (and, from themselves?). Some of the proposal sounds worthwhile. Others, not so much. From the Boston Globe: Patrick would also require borrowers applying for...