Housing
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Grants to aid recovery from foreclosures
Despite recent signs of improvement, foreclosures and their lingering effects on families continue to be a crisis in the Ocean State, says HousingWorks RI Executive Director Nellie Gorbea. more

By Rhonda Miller
PBN Staff Writer | 2/25/13

FHA fee increases may shift its customer base
If you want to buy a house with minimal cash by using an FHA-insured mortgage, here’s some sobering news: Thanks to an ongoing series of fee increases and underwriting tweaks – the most recent of which were announced Jan. 31 – FHA is getting steadily more expensive, and may not work for you. more
2/25/13
Mass. gets $5.3M in federal funding for disabled housing
BOSTON – Lt. Gov. Timothy Murray last week joined U.S. Department of Housing and Urban Development New England Regional Administrator Barbara Fields and U.S. Department of Health and Human Services Regional Director Christie Hager to announce a $5.3 million award to the Mass. Department of Housing and Community Development. more
2/25/13
Regional consumer prices continue to rise in January
The Consumer Price Index in the Northeast rose 1.8 percent over the last 12 months to 247.23 in January, according to a report from the U.S. Bureau of Labor Statistics. more
| 2/21/13
Picerne breaks ground in Ft. Meade
Picerne Military Housing, a division of Corvias Group, broke ground Wednesday in Fort Meade, Md., in the first-ever, public-private partnership to build on-post barracks with the U.S. Army. more
| 2/20/13
Progreso Latino, HousingWorks RI land $215K for foreclosure work
Two Rhode Island organizations have received grants totaling $215,000 as part of the National Mortgage Settlement funding, R.I. Attorney General Peter F. Kilmartin announced Tuesday. more
| 2/20/13
Work begins on most U.S. single-family homes in 4 years
Builders broke ground in January on the most U.S. single-family homes in more than four years and permits for future construction rose, an indication the industry’s momentum carried over into 2013. more
Caught in a reverse-mortgage nightmare
The U.S. Department of Housing and Urban Development has a birthday gift for 91-year-old widow Jeanette Ogle that should cause any senior to think twice before signing up for a government-insured reverse mortgage. more
2/18/13
Millionaires enticed to become landlords
JPMorgan Chase & Co. is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value. more
Bloomberg News | 2/11/13
Appraisers more cautious following housing bubble
It’s a potential nightmare scenario for homebuyers, sellers and real estate agents: a deal is reached and the property passes a home inspection, but the bank’s appraisal comes in below the contract price. The financing falls through and with it months of effort and hundreds of dollars in closing costs. more

By Patrick Anderson
PBN Staff Writer | 2/11/13

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