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 an analysis of area lending patterns in 2012, as well as data for each of the state's thirty-three largest cities and towns. Changing Patterns XX was prepared for MCBC by Jim Campen, professor emeritus of economics at UMass Boston and longtime MAHA board member.
Past Year Reports:
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