Winners in a Bad Year
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.
Personnel File – No. 356
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.
With Lower Mortgage Rates 2024 Can Be a ‘Fine Year’ for Residential Lending
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 Hires Second Banker for Startup/VC Team
Leader Bank has added a second former First Republic Bank employee to its team focused on banking Greater Boston’s tech sector.
Leader Bank to Open New Loan Office on Cape Cod
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.
SVB, First Republic Still Prove Fruitful Hunting Grounds
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.
Leader Bank Hires from First Republic to Build Startup Banking Unit
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.
LOs in a Whole New World
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.
Personnel File – No. 332
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.
Banks Without DIF Protection Turn to IntraFi
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.
2022’s Top Lenders Grabbed Market Share in Tough Year
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.
Citizens Adds Name to Fifth Venue. What’s the Return?
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.
Leader Bank Launches Digital Insurance Agency
Arlington-based Leader Bank has launched an insurance subsidiary, a move the bank said would streamline the homebuying process for its clients.
Mortgage Lenders Welcome Loan Limit Increases
While surging inflation and mortgage rates stymied the residential mortgage market this year, the industry has greeted the recent increase to next year’s conforming loan limits with optimism.
People Are the Foundation of Leader Bank’s 20 Years of Success
While Leader Bank’s growth didn’t happen overnight, the last two years have truly marked a new chapter for the bank. Here’s how I and Leader Bank’s committed staff took our bank from $6.5 million to $4 billion in assets and 422 employees across 22 states.
Personnel File – No.291
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Leader Bank Hires Four Former Century Bank Employees
Local banks continue to bring on new staff from banks involved in recent mergers and acquisitions, with Arlington-based Leader Bank hiring four former Century Bank employees for its business and government banking team.
With Rate Hikes, Mortgage Lenders Face Uncertain Year
After two years where the U.S. mortgage market saw about $4 trillion in loan volumes each year, rising interest rates could mean the home lending industry could be in for a muted 2022. It all depends on prospective homebuyers’ reactions this spring.
Sushil Tuli Elected to Boston Fed Board
Leader Bank Chairman and CEO Sushil K. Tuli has been elected to the Federal Reserve Bank of Boston’s board of directors effective Jan. 1, the Boston Fed said in a statement yesterday.
Mass. Lenders Struggle with Second Year of Deposit Surge
Eighteen months into the pandemic, the influx of deposits continues. But many lenders are struggling to match this cash with loan growth, creating concern for the coming quarters.
