Banks, Private CRE Lenders Eye Busy Fall
Expected Federal Reserve interest rate cuts have local bankers looking for ways to shave basis points off commercial real estate loan rates – and private lenders planning to defend market positions
Low-Risk Multifamily Market Attracts Increased Bank Investment
Multifamily has become the almost last asset class standing when it comes to ground-up commercial development in Massachusetts, and banks are increasing their involvement in the sector accordingly.
LeaderBank Adds Escrow Payment Option
DepositLink allows real estate brokerages, agents and escrow holders to request time-sensitive payments digitally from homebuyers.
Local Bankers Optimistic After Fed Moves Wednesday
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 Announces Expanded Partnership With Blend
Leader Bank announced it’s buying more services from Blend, a fintech that sells a residential loan origination platform.
Mass. Banks Growing CRE Market Share
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.
Community Good Works
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.
New Agent Commission Rules Could Spark Confusion
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.
Leader Bank Will Finance Buyer Agent Commissions in Wake of NAR Settlement
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,
Advocate: Mass. Banks, CUs Have Growth Opportunity in Gateway Cities
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.
With Refis Pricey, HELOCs Kept Customers Satisfied
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.
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.
