MHP News

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.

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, 2007 --- 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.

MHP recognizes Sovereign for helping first-time homebuyers BOSTON, June 20, 2007 --- The Massachusetts Housing Partnership's SoftSecond Loan Program has recognized Sovereign Bank for its outstanding work helping low and moderate-income first-time homebuyers realize the dream of homeownership.

Employer-assisted homeownership initiative works in Worcester WORCESTER, June 12, 2007 --- Tina Brooks, the Patrick Administration's undersecretary for housing and community development, recognized UMass Memorial Health Care today for its support of an employer-assisted homeownership initiative that is continuing to help families in the city's Bell Hill and East Side neighborhoods.

Boston Private Bank & Trust recognized for helping homebuyers BOSTON, May 24, 2007 --- MHP's SoftSecond Loan Program has recognized Boston Private Bank & Trust Company for its outstanding work helping low and moderate-income first-time homebuyers realize the dream of homeownership.