With mortgages approaching record lows, many Massachusetts homeowners are rushing to refinance their homes in order to pay a lower rate. However, this is often a Catch-22. Mortgage rates are low and home values have been decreasing as well, making it difficult for many homeowners to even refinance their home. This makes appraisals one...
Category: Mortgage
Massachusetts Attorney General calls for new housing leadership
Homeowners across the nation are struggling to make their mortgage payments, and Massachusetts Attorney General Martha Coakley is calling for changes in leadership at the Federal Housing Finance Agency to help these very homeowners. Coakley, along with attorneys general from several other states, is demanding the replacement of FHFA Director Edward DeMarco, whose agency...
Report says mortgage agreement will aid Massachusetts borrowers
Mortgage companies agree to huge settlement in foreclosure abuse
Lending companies provide people with money to purchase homes based on the belief that they will be able to repay the loans on time. They charge interest on the money borrowed and assign fines for late payments or bounced checks. But companies that offer mortgage financing may also cut corners,...
October foreclosure numbers show continued improvement
Massachusetts homeowners receive mortgage, foreclosure relief
Massachusetts homeowners save their home from foreclosure
Freddie Mac and Fannie Mae informed of new Massachusetts law
Massachusetts condo-owners mortgage relief may be available
Massachusetts condominium owners seeking to refinance their mortgage have been in a rather tough spot in the real estate market for the past several years. Although the federal program known as the Home Affordable Refinance Program has been in existence for a few years now, many condominium owners were prevented from
Massachusetts mortgage activity on the rise thanks to refinancing
The real estate tracking firm the Warren Group is at it again, reporting that total Massachusetts mortgage activity has increased more than 28 percent for this year compared to the same period last year. Although home sales have added to the increase, the real news in the increased numbers is the