Posted on May 5, 2012
BOSTON, May 5, 2012 --- The University of North Carolina's Center for Community Capital has released a case study on MHP's SoftSecond Loan Program to show how the program has effectively served low- and moderate-income first-time homebuyers.
Part of a series entitled "Regaining the Dream: Case Studies in Sustainable Low-income Mortgage Lending," SoftSecond was highlighted as a program that has maintaned deliquency rates that "are not just below subprime loans, but consistently below the delinquency rate of even prime loans in Massachusetts."
To read the study, click here.