Housing
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(Editor’s note: This is the first of a three-part series exploring the progress of East Providence’s 10-year effort to redevelop its waterfront and what it might mean for a similar effort underway in Providence.) more
BOSTON – As part of a settlement with H&R Block subsidiary Sand Canyon Corp., which formerly operated as Option One Mortgage Corp., Massachusetts has distributed close to $5 million to borrowers affected by the company’s alleged predatory lending practices, Attorney General Martha Coakley announced last week. more
Over the past three decades, interest rates have steadily declined. Now that rates are finally rising, bond as well as equity investors should be wary of certain areas in the markets. Investors must be aware that rising interest-rate pain is not limited to long-term bonds. There are a number of sectors in your portfolio that can be negatively affected by rising interest rates. more
Do you feel that hint of a chill starting to swirl through the housing market? The cooling is slight but it’s for real. Home prices are not rising as fast in most metropolitan areas as they did earlier this year and much of 2012. Multiple bid competitions – fierce in many places this spring and late last year – aren’t as intense. Inventories of homes for sale have increased this summer, reversing near droughts of listings that helped fuel higher prices. more
(Editor’s note: This is the second of a three-part series exploring the progress of East Providence’s 10-year effort to redevelop its waterfront and what it might mean for a similar effort underway in Providence.) more
Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they’d have to wait for years before owning again. more
Cornish Associates has purchased the Kinsley Building on Westminster Street in downtown Providence with the intention of redeveloping its offices into apartments. more
It’s a key question for many homebuyers who have or plan to have young children: We want a house in an area with good schools, but what sort of price premium – if any – will we have to pay? more
Federal agencies weren’t functioning much of October, but six of them are looking at a proposal that could squeeze huge numbers of buyers out of the mortgage market: a mandatory 30 percent down payment for borrowers who seek the best rates and terms. more
PROVIDENCE – A New York-based law firm will be banned from doing business in Rhode Island as mortgage foreclosure consultants, Attorney General Peter F. Kilmartin announced. more
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