While the Federal Reserve held fast despite jitters that have gripped the national economy in recent weeks, local bankers are remaining optimistic about the potential for lower interest rates this year.
Leader Bank announced it’s buying more services from Blend, a fintech that sells a residential loan origination platform.
In a year that saw banks take up a larger chunk of the commercial real estate lending pool, local and regional banks were among the top local CRE lenders.
Clinton Savings Bank announced it collected around $10,000 worth of toys and other donations for local families in its first-ever holiday toy drive. See who else gave back.
Industry leaders are hoping for the best but bracing for the worst, and say it could take years to sort out real estate agent compensation issues as new rules take effect this week.
Starting Saturday, buyers in some home-sales could have to come up with over $10,000 on top of the thousands they’ve saved for a down payment,
While banks and credit unions are making gains in mortgage lending, they are struggling in the state’s working-class, industrial Gateway Cities. But an expert says they have an edge over their competition.
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.
Massachusetts banks, credit unions and mortgage companies all took major hits in residential lending, but there were a few brights spots that helped some lenders come out on top.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
The increase in conforming loan limits for 2024 set by the Federal Housing Finance Agency, will make it easier for homebuyers to take on the higher mortgage loans needed to buy a home in a highly priced market like Massachusetts.
Leader Bank has added a second former First Republic Bank employee to its team focused on banking Greater Boston’s tech sector.
Arlington-based Leader Bank is set to open a new loan office in Mashpee as the bank seeks to expand residential lending operations in the Cape Cod area.
It’s been almost six months since Silicon Valley Bank and First Republic Bank failed but Massachusetts banks are continuing to hire top-tier talent away from the two failed banks’ successors with the intent of bringing in more business to their books.
Arlington-based Leader Bank has become the second Boston-area community bank to intentionally pursue clients in the region’s tech economy with the hiring of eight-year First Republic Bank veteran Vitaliy Schafer.
Last year may have started off with a bang for many Massachusetts loan originators, but the sprint rapidly slowed to a jog, and then a slog, as rising interest rates upended the residential mortgage market.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
While the banking crisis has raised questions about whether the FDIC should guarantee higher deposit balances, some banks have already found ways to insure their customers’ deposits: the IntraFi Network and similar fintech solutions.
As mortgage rates drove down refinance activity last year, some of the state’s top lenders saw their long-term strategies bear fruit as they competed for a limited number of homebuyers still in the market.
By putting its name on everything from hockey rinks to opera houses, lenders big and small are hoping they can expose their brands to consumers across a wide range of ages and social groups.
