MAHA educates and mobilizes across Massachusetts to break down barriers to affordable and sustainable homeownership.

    Low Down-Payment Mortgage Lending: What is the Safe Path Forward?

    New homebuyers are likely to play an important role in a sustained housing recovery, provided they can get access to good mortgages. High down payment requirements are a known barrier to homeownership for households who do not have extensive assets but are otherwise creditworthy. Mortgages with down payments of less than 20% down, when structured right, have provided a safe bridge to homeownership and the middle class for many decades. However, in well-intentioned efforts to prevent another mortgage crisis, regulators and policymakers may make it much harder, if not impossible, to buy homes with lower down payments.

    Please join the Center for American Progress on February 1 from 12:00PM-1:30PM to discuss these complicated issues with a panel of experts in the field. Are high down payments necessary to reduce risk? What will be the impact of instituting an 80 LTV requirement in the Qualified Residential Mortgage Rule? In a world where credit is tighter, how can low-wealth families access homeownership? What does the research tell us?

    Featured Panelists:
    Thomas Callahan, Executive Director, Massachusetts Affordable Housing Alliance

    New MCBC Report Shows Continued High Use of Government-Backed Loans

    BOSTON, MA – (December 28, 2012) In its nineteenth annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) confirms a major shift in the mortgages provided to Massachusetts homebuyers. In the wake of the implosion of the subprime mortgage industry, high-cost subprime lending has almost disappeared, while government-backed lending has grown dramatically.

    Changing Patterns XIX: Mortgage Lending to Traditionally Underserved Borrowers & Neighborhoods in Boston, Greater Boston and Massachusetts 2011, provides analyses of lending patterns in the city of Boston, Greater Boston and Massachusetts in 2011, 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


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