ONE launched, more lenders on board
New content includes updated eligibility info; calculator now has mobile, tablet versionsBOSTON, Jan. 15, 2014 --- Continuing its transition from the SoftSecond Loan Program to the new ONE Mortgage Program, the Massachusetts Housing Partnership (MHP) has posted online a full menu of resources and information about ONE Mortgage, including a new calculator that features versions that can be viewed easily on a mobile phone and tablet.
SoftSecond's standards, success earns it key fed exemption
New 'Ability-to-Repay' rules will not apply due to program's servicing, historyBOSTON, June 26, 2013 --- The Massachusetts Housing Partnership's SoftSecond Loan Program - which is switching from a two-loan structure to one loan and will be renamed ONE Mortgage - has earned an exemption from new federal mortgage rules, a decision that will help the program appeal to more lenders and ensure that safe, secure, fixed-rate mortgage credit will continue to be available to lower-income homebuyers.
Gov sets homeownership goal, unveils new ONE program
Calls for 10,000 loans to modest-income families; banks sign on; SoftSecond revampedBOSTON, June 11, 2013 --- After more than 20 years and 17,000 loans, MHP's SoftSecond Loan Program is taking steps to continue its success by transforming from a two-loan structure to one mortgage, a move that will make it simpler for first-time homebuyers and the financial institutions that offer the program.
Sovereign honored for helping first-time buyers in Lawrence, MV LAWRENCE, Dec. 19, 2012 ---MHP's SoftSecond Loan Program has honored Sovereign Bank with a HomeSafe Award for its outstanding success making loans to lower-income first-time homebuyers in the City of Lawrence and the Merrimack Valley.
Blue Hills honored for helping Boston first-time homebuyers BOSTON, Dec. 5, 2012 --- MHP's SoftSecond Loan Program has honored Blue Hills Bank with a 2012 HomeSafe Award for its outstanding success making loans to first-time homebuyers in Boston.
SoftSecond recognizes Mechanics Cooperative Bank BOSTON, Sept. 21, 2012 --- The Massachusetts Housing Partnership's SoftSecond Loan Program has honored Mechanics Cooperative Bank with a 2012 HomeSafe Award for its success making loans to low- and moderate-income first-time homebuyers in southeastern Massachusetts.
MHP's SoftSecond Loan Program honors Rockland Trust BOSTON, Aug. 29, 2012 - The Massachusetts Housing Partnership's SoftSecond Loan Program today announced Rockland Trust has received its HomeSafe Award in recognition of the bank's outstanding success making loans to working-class, first-time homebuyers in Massachusetts.
MHP's SoftSecond program honors Southern Mass Credit Union FAIRHAVEN, Aug. 28, 2012 --- MHP has honored Southern Mass Credit Union with a HomeSafe Award for its success making loans to first-time homebuyers.
Recent articles make case for SoftSecond
Blueprint for responsible homeownership, making first-time homebuyers part of recoveryBOSTON, July 6, 2012 --- In case you missed it, Shelter Force published an article this spring on how MHP's SoftSecond Loan Program can be useful in shaping a new national policy on how to successfully extend credit to lower-income first-time homebuyers.
SoftSecond Loan Program announces guideline changes
Focus on supporting buyers of 3-family properties; new rules in effectBOSTON, March 1, 2012 --- In an effort to provide more direct support to first-time homebuyers, the SoftSecond Loan Program will now provide and require additional one-on-one pre-purchase counseling for buyers of three-family properties.