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President Obama Outlines Plans to Replace Fannie and Freddie

President Obama announced in his speech in Phoenix today that he wants to "put private capital at the center of the mortgage system."

MAHA applauds the President Obama's focus on providing access to homeownership and encouraging responsible lending behavior but here is our question for the President. How will you ensure that a private sector replacement for Fannie and Freddie will responsibly serve low and moderate income Americans with safe, affordable mortgages?

Bear Stearns didn't. Lehman Brothers didn't. Current proposals before Congress, such as the Corker-Warner bill in the Senate, don't do this. Private sector secondary market efforts in the past either ignored lower income homebuyers or preyed on them with predatory mortgages. We need President Obama to take a clear stand in favor of a secondary market that serves all incomes and all neighborhoods with affordable and sustainable mortgages.

Take A MAHA Class - Anytime, Anywhere

July is usually a quiet month. People celebrate the 4th, go on vacation, spend time at the beach. And given recent temperatures, we could all use a cool spot.

What makes this month remarkable at MAHA is that so many have found that cool spot in a MAHA class! Our July 2nd class in Dorchester has 51 students. Our suburban class in Woburn that started last week has 32 students. And as of July, MAHA is now offering our first-ever online class - six hours online with a two hour in-person session.

We are partnering with Framework which was developed by the Housing Partnership Network and the Minnesota Homeownership Center to bring high-quality online homebuyer education to Massachusetts.

Since 1991, MAHA has been a leader in providing comprehensive homeownership education to over 21,000 people. Our first class was in Dorchester in 1991, our first suburban class was in 2004, and starting this month, we offer yet another way to reach even more buyers. Rest assured, we will still offer our convenient in-person classes throughout greater Boston but now we can also offer the flexibility of an online course as well.




MAHA

Massachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
By email:
By phone: 617-822-9100
By fax: 617-265-7503

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