Housing
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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

Lender Processing reaches agreement in ‘robosigning’ suit
JACKSONVILLE, Fla. – Lender Processing Services Inc. last week reached a multistate settlement to resolve claims of improper foreclosure practices, including the “robosigning” of documents used to repossess homes, Bloomberg News reported. more
2/11/13
According to IRS, there’s no place like home
If you’re one of the millions of homeowners and renters who work or run a business from the place you live, here’s some good news on taxes: The Internal Revenue Service wants to make it easier for you to file for deductions on the business-related use of your home. more
2/11/13
Housing packs punch for U.S. growth in 2013 and beyond
The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond. more
FHLB of Boston announces $30.3M in housing funds
BOSTON – The Federal Home Loan Bank of Boston announced last month that it has awarded $30.3 million to support 48 affordable housing initiatives in the six New England states. more
2/4/13
Wash Trust expansion leads to record profit
Rhode Island’s weak economy and sluggish housing market are not keeping Westerly-based Washington Trust Bancorp Inc. from continuing its momentum of increased earnings, as the parent of The Washington Trust Co. reaped the benefits of its strategic expansion into healthier markets in Massachusetts and Connecticut. more

By Rhonda Miller
PBN Staff Writer | 2/4/13

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