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Washington Passes On More Lender Regulation - 06/20/07 01:17 PM
It's usually best when the government does less. That's exactly what the politicians and bureaucrats in Washington have decided relative to the rise in foreclosures over the past year, the Boston Herald reported June 7, 2007. "It would be a mistake to overreact to a market that is already showing signs … (3 comments)
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Nation's Housing Slump May Be Near End - 06/20/07 01:13 PM
A recent study suggests the nation's housing slump may be just about over, the Boston Herald reported June 11, 2007.
Good news for sellers, especially those who bought withing the past two or three years, but bad news for buyers who were hoping prices would continue to slid.
"'What we’re likely … (5 comments)
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Don't Keep Looking After You Find The Home You Want - 06/20/07 12:59 PM
The Boston Globe Magazine published an article June 10, 2007 entitled "10 Mistakes Buyers Make." The article, written by Janice O'Leary, provides some excellent advice and information for potential home buyers. One mistake discussed in the article was "Looking Even When it's Time to Stop." This a common mistake among first-time … (1 comments)
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Mass. AG Imposes New Regulations To Curtail 'Foreclosure Rescuers' - 06/20/07 12:26 PM
Massachusetts Attorney General Martha Coakley imposed new emergency regulations to curtail “foreclosure rescuers” who have been accused of cheating consumers out of their homes, the Boston Herald reported June 1, 2007.
The regulations would bar so-called “foreclosure rescuers” from making profits on homeowners struggling to afford their mortgage payments.
The new … (0 comments)
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Mass. Gov. Deval Patrick Files Bill To Criminalize Mortgage Fraud - 06/20/07 12:18 PM
Mortgage companies that prey on consumers with predatory lending practices would face criminal charges under a bill filed by Massachusetts Governor Deval Patrick, the Boston Herald reported June 11, 20007."The bill would criminalize mortgage fraud, require lenders to file an intent to foreclose, and ban so-called foreclosure 'rescue' schemes that allow … (1 comments)
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Subprime Foreclosures Hit All-time High - 06/20/07 12:13 PM
The Mortgage Bankers Association recently released data that indicates that late payments and new foreclosures on adjustable-rate loans in the subprime lending market reached all-time highs in the first three months of 2007, the Boston Herald reported June 14, 2007."The Mortgage Bankers Association, in its quarterly snapshot of the mortgage market … (0 comments)
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Mortgage Applications Fall 3.4% - 06/20/07 11:32 AM
U.S. Mortgage applications fell 3.4 percent compared to the previous week, the Associated Press reported June 20, 2007. The data comes from the Mortgage Bankers Association. The number of applications for both purchase loans and refinance dropped."Mortgage lenders have been tightening lending criteria in recent months after a surge in defaults … (2 comments)
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Attic Ventilation Makes For A Healthy Home - 06/19/07 09:00 PM
A June 15, 2007 article in The Boston Globe discusses the importance of attic ventilation, and how it is important in both the summer and winter.
"In the summer, a good flow of ventilation will remove unwanted heat that is trapped in the attic. That heat can damage the roofing, and it … (0 comments)
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Three Massachusetts Cities Named To Green List - 06/19/07 08:56 PM
Springfield, Mass., Pittsfield, Mass. and Barnstable, Mass. made the Country Home magazine list of the 25 "greenest" cities in the United States, REALTOR® Magazine Online reported June 12, 2007.With help from Sperling’s Best Places, the magazine examined all 379 major metropolitan areas in the country, ranking them according to how green … (0 comments)
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Richard Rosa
Haverhill, MA
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Buyers Brokers Only, LLC
Office Phone: (978) 372-3344
Cell Phone: (978) 835-5906
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News, tips and general information for MA real estate home buyers and homeowners published by real estate broker and attorney Richard Rosa.
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