Comptroller Curry Speaks at MAHA Annual Meeting
Members and friends packed into 1803 Dorchester Avenue on Monday night, December 3, for MAHA's 2012 Annual Meeting featuring remarks from the nation's leading bank regulator, Thomas J. Curry, Comptroller of the Currency.
Comptroller Curry praised MAHA's work with homebuyers and singled out MAHA's HomeSafe post-purchase program that is now offered by a dozen community organization throughout Massachusetts.
"As Massachusetts Commissioner of Banks I saw firsthand how critical the work of this organization is. Your counseling programs not only help to create homeownership opportunities, but help to sustain homeownership through delinquency intervention and post-purchase counseling. Your insights inform banking regulators and examiners about financial needs in communities and provide us with important on-the-ground intelligence about what banks are doing to help meet those community needs," stated Comptroller Curry.
Curry also complimented the series of annual reports, Paying More for the American Dream, which examine inequalities in the housing finance system and which are the work of a seven member community collaboration that includes MAHA.
In his prepared remarks, Curry stated, "I am confident that with the help of organizations like the Massachusetts Affordable Housing Alliance, we will find the proper balance between managing risk and providing homeownership opportunities to historically under-represented populations."
MAHA vice-president Symone Crawford and Gina Govoni, Massachusetts Housing Partnership's Homeownership Director unveiled the redesign of the enormously successful SoftSecond loan program on Monday. The new name will be ONE Mortgage Program and it will be a simpler, single mortgage product for homebuyers and lenders alike. The program will continue to feature low downpayments and discounted interest rates as it has for the past 22 years.
MAHA treasurer Esther Maycock-Thorne announced on Monday that the organization has reached a total of 20,021 graduates in its 21 years of providing pre- and post-purchase homeownership education.
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