Prospective home sellers felt trapped in 2023, but watched their equity hit record levels. That made renovations funded by home equity loan products an attractive option – something Massachusetts’ top loan originators were happy to offer.
HarborOne Bank recorded a net loss in the fourth quarter of the year as a challenging mortgage market forced it to record a goodwill impairment charge at its mortgage company subsidiary.
While lenders might have started the year expecting some rate hikes, the size and speed of rising mortgage rates had significant effects on borrowers’ behaviors during the spring and summer mortgage markets.
Thanks to a slew of uncertainties nobody can claim with certainty the future of the mortgage market over the next 12 months. But there are trends and developments that give us some good indications of what to expect.
The pandemic challenged loan originators to find ways to meet the rapidly changing needs of consumers and the real estate industry. And a select few rode this wave to the top of their industry.
HarborOne Bank had record earnings per share in the fourth quarter as its mortgage company had more than $800 million in loan closings.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Massachusetts’ stock banks have continued to see positive earnings during the pandemic, with the third quarter giving at least one local bank the best quarter in its history.
HarborOne Bancorp will pay its first shareholder dividend in July, a year after going fully public.
HarborOne Bank subsidiary HarborOne Mortgage announced the opening of its latest branch, this time at 100 Conifer Hill Drive in Danvers.
Brockton-based HarborOne Mortgage announced today it has opened a branch office in Chelsea at 70 Everett Ave.
With Massachusetts still lacking the inventory needed to meet buyer demand, loan originators have had to get creative in how they work with prospective homeowners.
An increase in mortgage originations helped drive HarborOne Bank’s performance in the first quarter.
After a busy start to the year, HarborOne Bank will streamline its mortgage business by putting all of its operations under one roof.
