MHP News

Housing chief Brooks honors SoftSecond's 10,000th homebuyer BOSTON, May 7, 2008 --- The Patrick Administration today honored a Dorchester family, Bank of America and the City of Boston for helping the state's most affordable mortgage program achieve its 10,000th loan and for setting a record for loans in a single year while maintaining low foreclosure rates.

Homeownership news: Herald reports on how man allegedly duped homebuyers BOSTON, April 16, 2008 --- The Boston Herald reports on an alleged scam in which a Boston man pocketed $1 million duping innocent people into buying homes they couldn't afford.

Governor creates loan pool to buy foreclosed properties BOSTON April 11, 2008 --- Part of Governor Deval Patrick's comprehensive economic plan is the establishment of a $20 million privately-funded acquisition pool to purchase foreclosed and vacant properties across the Commonwealth.

Web site lists affordable homeownership opportunities BOSTON, April 11, 2008 --- In addition to offering the SoftSecond Loan Program, MHP is also sponsoring a web site that helps homebuyers find a home in their price range.

SoftSecond unveils new calculator BOSTON, March 18, 2008 --- In its ongoing effort to make the SoftSecond Loan Program easier to use for homebuyers and lenders, MHP has redesigned its online mortgage calculator, released new income limits for borrowers and has announced more details about MassWorks, a new employer-assisted mortgage program.

MHP maps foreclosures, loan resets BOSTON, March 10, 2008 (updated) --- MHP has compiled maps illustrating the impact of foreclosures on communities. The latest show foreclosure patterns in Framingham and Fall River.

Foreclosure help: Agencies that help homeowners with their loans BOSTON, Jan. 2, 2008 --- The recent wave of foreclosures has caused a spike in inquiries from homeowners looking for help. The following is a parital list of where homeowners can go for help.

SoftSecond hailed during hearing on problems in lending industry BOSTON, Oct. 18, 2007 --- MHP's SoftSecond Loan Program was hailed as a sound alternative to sub-prime loans during a recent public hearing on how to deal with the foreclosure situation.

Worcester homeownership summit shines light on future interest rate hikes WORCESTER, Sept. 28 --- As part of the Patrick Administration's ongoing efforts to increase homeownership and blunt the impact of the increased foreclosures, the Massachusetts Housing Partnership recently held a homeownership summit in Worcester.

Patrick unveils $250M program to help struggling homeowners BOSTON, July 11, 2007 --- The Patrick Administration has unveiled a $250M program that will provide foreclsoure prevention counseling and fixed-rate refinancing loans to help homeowners get out of unaffordable subprime loans.