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Foreclosures across New England are a concern of the Federal Reserve Bank of Boston. This web page offers resources for consumers, data and analysis, and articles from our publications.
Consumer Information | Data & Analysis | Research & Articles from the Boston Fed
Consumer Information
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Current Challenges in Housing and Home Loans: Complicating Factors and the Implications for Policymakers
Speech by Boston Fed President and CEO Eric S. Rosengren
The New England Economic Partnership’s Spring Economic Outlook Conference on Credit, Housing, and the Consequences for New England
May 30, 2008
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Foreclosures, House-Price Changes, and Subprime Mortgages in Massachusetts
The first in a series of interactive graphics modules shows the changing patterns in foreclosure rates and subprime mortgage originations across Massachusetts cities and towns over time;
how movements in these rates compare with movements in house prices for any user-selected city or town; and t he association between foreclosure rates and median income in these cities and towns.
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Subprime Mortgage Problems:
Research, Opportunities, and Policy Considerations
Speech by Boston Fed President and CEO Eric S. Rosengren
Massachusetts Institute for a New Commonwealth (MassINC)
December 3, 2007
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Foreclosures in New England 
Presented by Julia Reade at the Fair Housing Seminar Series
November 14, 2007 |
State Foreclosure Trends in New England
through Q1 2008
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont |
LoanPerformance (LP) Reports
The monthly reports illustrate different aspects of subprime and alt-A loans as well as some characteristics of the properties and borrowers. LP reports can be used by foreclosure prevention and intervention programs, researchers, and other agencies working on related issues. Please submit a report request form to Kai-yan Lee in order to obtain the report.
Overview of the LP Reports
Reports Request Form |
Mortgage Lending Discrimination
Testimony by Lynn E. Browne, Executive Vice President & Economic Advisor
Before the House Committee on Financial Services Roxbury Community College
October 15, 2007
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Recent Developments in Real Estate, Financial Markets, and the Economy
Speech by Boston Fed President and CEO Eric S. Rosengren
Portland Regional Chamber of Commerce
October 10, 2007 |
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Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures
Working Paper No. W07-15
by
Kristopher Gerardi, Adam Hale Shapiro, and Paul Willen
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Foreclosure Prevention and Intervention
Efforts in New England
New England Community Developments, Issue 4, 2007
by Kai-yan Lee
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. |
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Massachusetts Mortgage Summit Issues Recommendations
New England Community Developments, Issue 3, 2007
by Julia Reade
This article describes the recommendations of the Massachusetts Mortgage Summit held in April 2007, including possible remedies to limit foreclosures and their impact on consumers and communities. |
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Foreclosure in Rhode Island
Communities & Banking, Spring 2007
by Carol Lewis
With foreclosure rates rising, banks and community groups are creating systems to help families keep their homes. |
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Tackling Foreclosure
Communities & Banking, Spring 2007
by Ricardo Borgos
With foreclosure rates rising, banks and community groups are creating systems to help families keep their homes.
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Understanding Foreclosures in Massachusetts
Public & Community Affairs Discussion Paper 07-1
by Ricardo Borgos, Prabal Chakrabarti, and Julia Reade
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Home Ownership in a High-Cost Region
Communities & Banking, Fall 2006
by Esther Schlorholtz, Boston Private Bank
A perfect storm is brewing in eastern Massachusetts:
high home prices, rising interest rates, and a proliferation
of high-cost mortgage products. More buyer education
and better state regulation of lenders not covered by
the Community Reinvestment Act are needed.
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Alternative Mortgages: Managed Risk or Gamble?
Communities & Banking, Spring 2006
by Andrew Olszowy
Alternative mortgages may increase flexibility for lenders
and consumers, but they also add risk. The best advice
for all parties is to learn as much as possible about
these tools and proceed
with caution.
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