Eastern Bank to Buy $80M in Loans Monthly from Embrace
Eastern Bank has entered into an agreement with Rhode Island-based Embrace Home Loans to purchase about $80 million in loans each month as the bank looks to reduce its securities portfolio.
Personnel File – No. 269
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Embrace Home Loans Opens Seaport Office
Rhode Island-based Embrace Home Loans has opened its first Boston office in the Seaport District as the company expands in the Northeast.
Should Lenders Fear Redlining Enforcement?
Federal prosecutors have launched a new initiative targeting “modern-day redlining” by residential mortgage lenders.
Personnel File
Members of the banking and real estate communities have been on the move in recent weeks. See who’s been promoted and hired!
With Cybersecurity, When Is ‘Enough’ Enough for Financial Institutions?
As transformative technologies are applied to antique laws and regulations, there is confusion over what financial institutions must do to ensure cybersecurity. To “right-size” cybersecurity investments, leaders must grasp the basic legal framework of the subject.
Legal Compliance as a Competitive Advantage
There is no question that the compliance, legal, risk, quality and similar departments (referred to as “compliance” for rest of article) within financial institutions have historically operated as cost centers, rather than drivers of beneficial change or a real competitive advantage.
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