by Northampton Redoubt | Dec 16, 2008 | Northampton Redoubt
In response to the national subprime mortgage fiasco, the Valley Community Development Corporation is proposing a pilot Foreclosure Rescue Fund loan program (PDF) and is currently applying for $86 thousand in Community Preservation funds to provide grants to lower...
by Northampton Redoubt | Dec 20, 2008 | Northampton Redoubt
The economist the late Edward Gramlich, who died in September, 2007 before the height of the subprime mortgage problems, penned the essay, "Boom and Busts: The Case of Subprime Mortgages" (PDF) for the "Economic Review" fourth quarter, 2007. This...
by Northampton Redoubt | Dec 22, 2008 | Northampton Redoubt
I oppose the use of CPA funds to create or deposit monies into existing reserve accounts. If you approve the CDC and Cons. Com. applications for reserve funds there may be pressure for you to approve other similar requests. In my view the discretion to expend CPA...
