288 Affordable Units Preserved in Brockton
Boston-based Beacon Communities has received $38.5 million in financing to renovate a pair of Brockton housing complexes and preserve affordability restrictions for at least 30 years.
Low-Interest Mortgage Enables Beacon Communities to Preserve Affordability
A financing package by MassHousing and federal agencies will extend affordability protections at a 103-unit complex in Medfield that’s been owned by Beacon Communities since 2012.
Mortgages in Forbearance Decline in Last Week of September
The share of mortgages in forbearance continued to decline in the last week of September, according to the latest report from the Mortgage Bankers Association.
Mortgage Forbearances Continue to Drop
An estimated 3.5 million homeowners are in now forbearance plans as the total number of loans in forbearance has decreased, according to the Mortgage Bankers Association.
Mortgages in Forbearance Decrease for Ninth Straight Week
The latest survey from the Mortgage Bankers Association found that the total number of loans in forbearance dropped to 7.21 percent of lenders’ portfolios as of Aug. 9.
Bank Servicers Buying Back Loans in Forbearance
Some banks are moving mortgages in forbearance back onto their balance sheets to avoid having to advance principal and interest payments to investors, according to the Mortgage Bankers Association.
Banks, IMBs See Jump in Mortgages in Forbearance
Nearly 6 percent of all mortgages in America are now in forbearance, according to new data from the Mortgage Bankers Association.
Share of Mortgages in Forbearance Jumps
The share of the nation’s mortgages in forbearance jumped by 73 percent in the latest Mortgage Bankers Association survey.
Industry: Feds Must Act ‘Quickly’ to Give Mortgage Servicers Liquidity
Facing an unknown but undoubtedly large number of homeowners and commercial mortgage borrowers needing forbearance thanks to the coronavirus-caused economic crisis, the housing industry is asking the federal government for help.
Mortgage Company President Sentenced for Defrauding Ginnie Mae
The president and founder of a Falmouth mortgage company was sentenced earlier this week in federal court in Boston in connection with defrauding Ginnie Mae out of approximately $2.5 million.
MassHousing Provides $135.5M in Financing for Affordable Senior Housing
MassHousing has provided a total of $135.5 million in financing to an affiliate of the nonprofit Retirement Housing Foundation to enable RHF to launch a major renovation of the 404-unit Symphony Plaza in Boston.
Mortgage Co. President Charged with Defrauding Ginnie Mae
The president and founder of a Falmouth mortgage company was charged in U.S. District Court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of nearly $3 million.
