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Right Now: Rent and mortgage relief; take care of gig workers

April 6, 2020 By Charley on the MTA

Wednesday was the first of the month. Rent was due. Unemployment claims for Massachusetts were 329,000 over the last two weeks. That's ... 4.8% of the entire population of Massachusetts, and 9% of the workforce, newly out of a job, right … [Read more...]

Filed Under: Editor Tagged With: arts, charlie-baker, coronavirus, COVID-19, COVID19, foreclosures, gig workers, Kevin Honan, Mike Connolly, mortgage relief, rent freeze, renters, unemployment-benefits

Coakley to Big Banks: It’s On!

December 1, 2011 By massuniting

It's been three years since the big banks crashed our economy, costing millions of American families their homes, their jobs and their life savings. Their “punishment” to date: taxpayer bailouts and huge bonuses for bank executives. All … [Read more...]

Filed Under: User Tagged With: attorney-general, attorney-general-martha-coakley, bank-of-america, big-banks, foreclosures, jp-morgan, ma-ag, martha-coakley

Obama broke pledge to help homeowners

February 5, 2011 By kirth

Treasury staffers began conversations with congressional aides by saying the administration supported cramdown and would then "follow up with a whole bunch of reasons" why it wasn't a good idea, said an aide to a senior Democratic … [Read more...]

Filed Under: User Tagged With: foreclosures, hamp, obama

Grace Ross on Elections and Beyond

November 16, 2010 By massmarrier

Ross is right out there. She is also pretty optimistic. For one, she thinks that the anger and energy the Tea Party types rode in this last election cycle is populist not right wing energy. I am not as confident as she that clear-eyed … [Read more...]

Filed Under: User Tagged With: activism, democratic, economics, election, foreclosures, grace-ross, green-rainbow, massachusetts, populism, republican, third-party

Grossman to Banks: Act Responsibly or Lose State Funds

March 31, 2010 By Steve

Those criteria are: • Loans to small businesses to help grow jobs. "I have been to more than 175 cities and towns so far in the campaign," he said, "and one thing I hear consistently is that while local community banks are helping the … [Read more...]

Filed Under: User Tagged With: bailouts, banks, credit-cards, credit-crunch, foreclosures, grossman, interest-rates, massachusetts, small-business, treasurer

Action Plan: Save Family Homes Now!

March 5, 2009 By betsy-muse

Republicans and other opponents of the bill want to blame the mortgage crisis on borrowers saying they were dishonest and irresponsible.  Rep. Virginia Foxx from North Carolina put it into words on the House floor on Thursday. It's … [Read more...]

Filed Under: User Tagged With: foreclosures, h.r.-1106, mortgage-cramdown, rep.-brad-miller

How Not To Help Homeowners

December 5, 2008 By tedf

The Treasury Department is planning to subsidize thirty-year, fixed rate mortgages at 4.5% interest. But the plan apparently only extends to new home purchases, not to refinances. Am I missing something? I thought our problem was that we … [Read more...]

Filed Under: User Tagged With: federal-reserve, foreclosures, mortgage, treasury

It’s the foreclosures, stupid.

September 24, 2008 By David

Bruce Marks of the Neighborhood Assistance Corporation of America -- an outfit that has probably done more than just about anyone else to combat predatory lending and help low- and moderate-income folks buy and stay in their homes -- makes … [Read more...]

Filed Under: User Tagged With: banking, crisis, foreclosures

Stunning video of a high foreclosure neighborhood in New Bedford, MA

August 6, 2008 By beachmom

This puts into pictures what the phrase "high foreclosure neighborhood" means: I know that it is human nature to look at what has not been done, as in what the Democrats in Congress have not accomplished, but the Housing bill just passed … [Read more...]

Filed Under: User Tagged With: foreclosures, john-kerry, new-bedford

Patrick takes action on foreclosures

April 30, 2007 By David

This just in:In an ongoing response to the state's foreclosure crisis, Governor Deval Patrick today directed Commissioner of Banks Steven L. Antonakes to seek delays from mortgage lenders, on a case-by-case basis, for any Massachusetts … [Read more...]

Filed Under: User Tagged With: foreclosures, ma, patrick

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