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.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Rhode Island-based Embrace Home Loans has opened its first Boston office in the Seaport District as the company expands in the Northeast.
Federal prosecutors have launched a new initiative targeting “modern-day redlining” by residential mortgage lenders.
Members of the banking and real estate communities have been on the move in recent weeks. See who’s been promoted and hired!
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.
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.