But we are in the midst of a credit freeze? Come on!
Coincidence that this report is a BRIEF, readers?
"MassHousing makes a record $466.4m in loans
MassHousing, the Commonwealth's housing bank, said it made a record $466.4 million in affordable home loans last year, topping the previous record of $425.2 million, set in 2007. The agency's executive director, Thomas Gleason, called the volume of new loans remarkable, especially given the "unprecedented turmoil in the mortgage industry." Last year, MassHousing, which makes low-interest loans to middle- and working-class people, said that $30.6 million in loans were refinancings of adjustable-rate or subprime loans. But most of the loans made last year, worth $428.6 million, were for first-time buyers (Boston Globe)."
How does the AmeriKan MSM lie?
Let me count the ways.....
(I know a kid who just got a loan for a home buy this week, too! Lived just down the street)
