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Housing foreclosure activity in the United States and New England increased dramatically at the beginning of the … 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 their benefits …
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The dramatic reduction in the growth rate of bank lending associated with the 1990-91 recession, particularly in New England, has evoked claims by many observers of a credit crunch. However, because of the difficulty in determining whether the observed slow credit growth is a demand or supply...
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Banks, particularly in New England, have experienced major losses of capital as a result of their exposure to risky real estate loans. These losses, accompanied by strict enforcement of capital regulations, have caused banks to shrink their assets in an attempt to improve their capital/asset...
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Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at The Community Development Advisory Council’s 2012 Regional Convening, Lawrence, Massachusetts, September 24, 2012.
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