SoftSecond's standards, success earns it key fed exemption
New 'Ability-to-Repay' rules will not apply due to program's servicing, history
BOSTON, 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.