Twenty-five percent of New England residents lived in low- and moderate-income areas in 2005–2009.

Homeowners who receive loan modifications and successfully avoid foreclosure may face another issue, one that is not well understood. It turns out that participation in loan-modification programs may adversely affect credit scores. 1 The magnitude of the impact is unclear because many factors...

The Boston Fed announces the Working Cities Challenge, an initiative to advance collaborative leadership in smaller cities and support ambitious efforts to improve the lives of low-income residents.