Hispanic communities were particularly vulnerable to unscrupulous lenders during the last housing boom and the hardest hit by the bust, experiencing the sharpest drop and slowest recovery in home values, according to a study to be released Monday.
The number of jumbo loans used for home purchases has skyrocketed in Massachusetts, as buyers take out bigger mortgages to pay for increasingly expensive homes. Lenders, from local banks to mortgage giants, say that at least 30 percent of their loans are now jumbos, compared with about 10 percent in recent years, fueled by a market where home prices in some communities have now surged past prerecession highs.
On a May morning, Boston is alive. Taxis are darting here and there, deliveries are being made, and Boston Common is filled with a crossroads of diversity: folks in spring dresses, shirts and ties, blue and brown collar uniforms, t-shirts and light jackets- all heading to destinations connecting this downtown park pathway- from the State House to Emerson and Fisher to Charles Street, to the Arlington Street Church.