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Housing News
Bush Administration Announces Changes to Hope for Homeowners Program – November 20, 2008
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced that the HOPE for Homeowners (H4H) Board of Directors has approved changes to the program to help more distressed borrowers refinance into affordable, government-back mortgages....
MHP Releases Updated Foreclosure Report – January 23, 2009
The “Massachusetts Foreclosure Monitor” is MHP’s quarterly examination of statewide and local foreclosure trends in Massachusetts and the nation. According to the report, the national real estate market deteriorated in the latter half of 2008. The latest data from the...
FDIC Releases Proposal to Accelerate Loan Modifications – November 17, 2008
The FDIC has initiated a systematic loan modification program at IndyMac Federal Bank to reduce first lien mortgage payments to as low as 31% of monthly income. Modifications are based on interest rate reductions, extension of term, and principal forbearance. The...
Secretary Bigby Releases Community First Olmstead Plan – September 15, 2008
Secretary Bigby and the Governor's Office have approved the Community First Olmstead Plan linked below. "Community First" continues to be one of the Secretary’s top priorities. The Governor "officially" received the plan on September 12th. Please click here to view a...
HUD Releases Notice on Neighborhood Stabilization Program – October 1, 2008
On September 29, 2008, HUD released a Notice outlining the procedures under which the new Neighborhood Stabilization Program (NSP) for foreclosed or abandoned properties will operate. The Notice is effective immediately. In it, HUD explains that it is treating NSP...
Asset Development Commission Releases Final Report – June 26, 2009
Please click here to read the full final report. Mass.gov has additional information here.
HUD Releases Notice on Neighborhood Stabilization Program – October 1, 2008
On September 29, 2008, HUD released a Notice outlining the procedures under which the new Neighborhood Stabilization Program (NSP) for foreclosed or abandoned properties will operate. The Notice is effective immediately. In it, HUD explains that it is treating NSP...
Obama Administration Announces New Details on Making Home Affordable Program – April 28, 2009
WASHINGTON – The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their...
Patrick Administration Announces Reform of the Emergency Shelter System – January 6, 2009
The Patrick-Murray administration is undertaking a comprehensive set of initiatives to reform our emergency shelter and housing delivery systems. Please click here to read more.
NLIHC Releases Renters in Foreclosure Toolkit – June 3, 2009
Please click here to view the Toolkit.