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The federal government officially raised the Federal Housing Administration's (FHA) loan limits for 1-4 family homes in
Boston and surrounding counties last week. The FHA loan limit will increase from $362,790 to $523,750 – or 125 percent of the area’s median selling price in Essex, Middlesex,
Norfolk, Plymouth and
Suffolk...Read More |
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Attorney General Martha Coakley filed a lawsuit in state Superior Court last week against Quincy-based mortgage broker Lehi
Mortgage Services, Inc.
According to Coakley, Lehi fraudulently procured mortgage loans by providing lenders with asset and income information that was fabricated or inflated. Her office is seeking an injunction to prohibit Lehi
from acting as a mortgage broker... Read More
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Greg Vasil, CEO of the
Greater Boston Real Estate Board (GBREB), attended a meeting last week
to discuss the creation of a statewide working group to examine how the
fire service, public safety agencies, state and local government, and
the private sector can work together to better identify, track, and
safely secure abandoned and vacant buildings and protect neighborhoods.
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If you missed GBAR's
REALTOR® of the Year awards ceremony last year, you definitely don’t
want to this year. Mark your calendars for Tuesday, June 24 for the
event, which is taking place in the Wharf Room at the Boston Harbor
Hotel. There will be a cocktail reception, a silent auction, dinner and
the announcement of the 2008 award recipients. Afterward, dance the
night away outside to a blues band playing on...Read More
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Please join GBAR in welcoming its newest affiliate members
who have joined the association in the past
several months. Affiliate Membership is open to qualified
individuals whose firms and businesses offer goods and services used by
real estate professionals and/or their clients and customers. For more
information on their companies, click the company name to be directed to
the member’s website.
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GBAR is happy to
welcome William Mullen, III as its newest member on staff as GBAR
Counsel. An attorney, real estate broker and licensed real estate
instructor in Massachusetts, Mullen has served on the Massachusetts
Association of REALTORS® Board of Directors and is past president of the
North Shore Association of REALTORS®.
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GBREB's e-Forms provider Instanet Solutions
recently announced its integration with Lone
Wolf's brokerage management system, the
Realty Management System (RMS). The
integration will allow users of RMS to
pre-populate RMS transaction files from
Instanet Forms, thus eliminating the need to
repopulate data such as property address,
transaction principles, dates, sales prices,
etc. Additionally, Instanet...Read More |
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