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Keywords:Foreclosure - New England 

State foreclosure prevention efforts: mediation and financial assistance

Housing foreclosure activity in the United States and New England increased dramatically at the beginning of the housing crisis in 2006 and remains elevated. Given their economic and social costs, policymakers have developed a number of policies designed to prevent foreclosures. In recent years, state and local policymakers in New England have implemented two major foreclosure prevention policies: foreclosure mediation programs and financial assistance programs. This report reviews these two foreclosure prevention programs in the New England region. It explores how they are funded, weighs ...
New England Public Policy Center Research Report , Paper 11-3

Journal Article
Foreclosure prevention and intervention efforts in New England

As foreclosure rates have risen across New England, many have been asking for clarification about the full range of resources available to borrowers. This article describes the foreclosure prevention and intervention efforts currently underway in New England. We highlight the region?s largest initiatives as well as discuss the challenges these programs are facing as they work to provide assistance to consumers.
New England Community Developments

Discussion Paper
Foreclosure's price-depressing spillover effects on local properties: a literature review

The costs of foreclosure often spill over from foreclosed properties to other nearby properties. This short paper reviews some of the research on foreclosure's price-depressing impact on sales of nearby properties, only one of several forms of spillover effects. The studies reviewed here focus on various cities, use different datasets and methodologies, employ different assumptions, and cover different time periods. Their conclusions about foreclosure effects range from reducing nearby properties' sales value by as little as 0.9% to as much as 8.7%. Research also shows that negative spillover ...
Public and Community Affairs Discussion Papers , Paper 2008-1

Journal Article
Mapping New England: foreclosure prevention event

Two maps show where many of the holders of troubled mortgages who attended the first foreclosure prevention workshop of the Federal Reserve Bank of Boston came from.
Communities and Banking , Issue Spr , Pages 20-21

Current challenges in housing and home loans: complicating factors and the implications for policymakers.

Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for The New England Economic Partnership?s Spring Economic Outlook Conference on Credit, Housing, and the Consequences for New England, Boston, Massachusetts, May 30, 2008
Speech , Paper 14

Remarks at the Federal Reserve Conference on REO and Vacant Property Strategies for Neighborhood Stabilization.

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Federal Reserve Conference on REO and Vacant Property Strategies for Neighborhood Stabilization, Washington, D.C., September 2, 2010
Speech , Paper 36

Discussion Paper
Understanding foreclosures in Massachusetts

Recent increases in foreclosure rates in New England and other parts of the United States are raising concerns. Distressful for individual borrowers and potentially destabilizing for their communities, the negative effects of foreclosures flow beyond the impact on housing markets and the financial consequences for creditors. Public officials, lenders, current and potential homeowners, community organizations, and other stakeholders are paying careful attention. ; In low- and moderate-income communities in New England, community leaders view current trends as especially worrisome. Among ...
Public and Community Affairs Discussion Papers , Paper 2007-1