MCBC Report Shows Continued High Use of Government-Backed Loans and Increased Lending by Independent Mortgage Companies
BOSTON, MA – (February 27, 2013) In its twentieth annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) finds that nearly one in four home purchase loans statewide are government-backed (primarily FHA and VA). Government-backed loans made up more than half of all home purchase loans in five cities - Lawrence, Brockton, Springfield, New Bedford and Lynn.
Changing Patterns XX: Mortgage Lending to Traditionally Underserved Borrowers & Neighborhoods in Boston, Greater Boston and Massachusetts 2012, provides analyses of lending patterns in the city of Boston, Greater Boston and Massachusetts in 2012, as well as for each of the state’s thirty-three largest cities and towns. The report was prepared for MCBC by Jim Campen, professor emeritus of economics at UMass Boston. In addition to the data in the report, MCBC is also providing data on all Massachusetts cities and towns in a set of on-line tables. Both the report and the on-line tables are available on MCBC’s website at www.mcbc.info.
December 9, 2013 - MAHA members and friends gathered in Dorchester on Monday night to celebrate our annual meeting and numerous accomplishments over the past year. It was a night for transitions as President LaTanya Ramsey passed the gavel after a three-year stint to her successor Esther Maycock-Thorne.
MAHA welcomed a new board member, Bob Sheridan, president emeritus of Savings Bank Life Insurance and longtime MAHA booster. Bob chaired MAHA's capital campaign from 2006-2008 that resulted in our new home on Dorchester Avenue and also chairs MAHA's Kitchen Cabinet. MAHA's officers for 2014 will be Esther Maycock-Thorne as President, Symone Crawford as Vice President, Rick Kronish as Treasurer, and Thadine Brown as Clerk.
MAHAMassachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
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By phone: 617-822-9100
By fax: 617-265-7503