Homebuyer
MHP News
SoftSecond featured in discussion on future of homeownership
Experts gather in D.C. to identify success factors in loans to lower-income families
WASHINGTON, D.C., Sept. 29, 2011 --- Homebuyer education, risk retention by private lenders and a loan review system that includes a "second look" by the program's public administrator are three reasons why the Commonwealth's SoftSecond Loan Program has been so successful in making loans to low and moderate first-time homebuyers, according to Judy Jacobson of the Massachusetts Housing Partnership.
MHP expands support for 1st-time homebuyers; RFP seeks counselors
SoftSecond adds individual counseling for multifamily buyers; expands post-purchase program
BOSTON, July 28, 2011 --- In an ongoing effort to provide safe, secure mortgage financing for low and moderate-income first-time homebuyers, the Massachusetts Housing Partnership's SoftSecond Loan Program is offering expanded pre- and post-purchase counseling services, which are designed to help buyers keep their homes and avoid foreclosure.
SoftSecond sets new guidelines
New rules for non-traditional credit, deed-restricted condos; effective May 23
BOSTON, May 31, 2011 --- Borrowers with a strong rent and bill payment history who have not made extensive use of credit may now be eligible for a SoftSecond loan, according to new program guidelines released by the Massachusetts Housing Partnership (MHP).
SoftSecond Loan Program selected as one of top innovations in U.S.
BOSTON, May 6, 2011 --- The SoftSecond Loan Program for first-time homebuyers has been selected as one of the top 25 programs in the U.S in Harvard University's Innovations in American Government Awards Competition.
On SoftSecond's birthday, 20 women honored for shaping program
BOSTON, March 6, 2011 --- Scores of community residents, area bankers, and public officials filled the Massachusetts Affordable Housing Alliance headquarters on Dorchester Ave. Saturday to honor 20 women who helped create and build the nation's most successful and longest running private-sector mortgage program for first-time homebuyers.
SoftSecond continues to improve lives
Program for first-time homebuyers has helped 15,0000 families
BOSTON, Feb. 18, 2011 --- The SoftSecond Loan Program marked an important milestone earlier this year, passing the 15,000 mark for loans.
Citizens honored for helping SoftSecond homebuyers
Award for helping to make purchase and rehab loans in hard-hit neighborhoods
BOSTON, August 12, 2010 --- The Massachusetts Housing Partnership's SoftSecond Loan Program has recognized Citizens Bank with a 2010 "Second to None Award" for its outstanding work making purchase and rehabilitation loans to borrowers buying homes in neighborhoods that have been hard-hit by foreclosure.
Another milestone for SoftSecond
Program for first-time homebuyers passes 14,000 loan mark; another record year
BOSTON, Jan. 10, 2010 --- The SoftSecond Loan Program marked an important milestone in December, passing the 14,000 mark for loans.
Homeownership news: Area-man caught in web of predatory lending
BROCKTON, September 22, 2009 --- The Sunday Enterprise recently profiled an area homebuyer who was caught in the web of predatory lending and struggled to refinance his monthly mortgage payment.
Homebuyers using SoftSecond to buy foreclosed properties
Increase in volume; new version to combine loan with rehab grant in target areas
BOSTON, June 22, 2009 --- At a time when mortgage financing has been cut back sharply, the SoftSecond Loan Program is playing a critical part in the state's economic recovery and MHP is working to enhance the program even more so it can play an even larger role in the Commonwealth's efforts to promote responsible homeownership and stable neighborhoods.
