Mortgage issues: when an appraisal is too low

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...

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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...

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October foreclosure numbers show continued improvement

With the collapse of the housing and financial markets leading to the most-recent recession, Massachusetts homeowners found themselves facing a real estate market filled with mortgages that could no longer be easily modified and underwater house values. This combination led to a significant rise in the number of foreclosures. With economic...
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