Last week, Massachusetts Attorney General, Martha Coakley announced one of the first programs in the nation aimed at helping struggling homeowners using proceeds from the landmark settlement with five of the nation's largest lenders. The program, called HomeCorps, hopes to prevent foreclosures by offering counseling services and grants totaling $16 million to Massachusetts homeowners....
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Category: Mortgage
Mortgage rates on the rise, according to Freddie Mac
According to predictions from a number of economists, interest rates have hit bottom and will gradually rise as the housing market and overall economy recover. If you are waiting to purchase a home or refinance your mortgage because the interest rates might go even lower, you may have missed out. The average rate for...
Massachusetts $318 million mortgage settlement has limited reach
A recent $318 million mortgage settlement between state attorneys general and five of the nation's largest mortgage loan originators have some Massachusetts homeowners applying for financial relief. The agreement is supposed to split the settlement amount between current and past Massachusetts homeowners, however most of them will not see any of it, according to...