Cape Cod 5 Creates $2M Loan Fund for Child Care Providers
Cape Cod 5 has partnered with a local community development financial institution to create a $2 million loan fund for child care and early education providers.
Survey: Most Consumers Satisfied With Bank Support
Most consumers have been satisfied with the level of support provided by U.S. banks during the COVID-19 pandemic, according to a new study by global analytics software provider FICO.
Greenfield Woman Sentenced for Making False Statements to Bank
A Greenfield woman was sentenced this week in federal court in Springfield in connection with concealing nearly $500,000 from a federally insured financial institution.
Massachusetts SBA Loans Top $754 Million
Massachusetts was one of the top Small Business Administration lenders in the country in fiscal year 2018.
Cutbacks in High Debt Ratio Loans Could Hurt Buyers
A key policy change by mortgage giant Fannie Mae that offered homeownership to thousands of new buyers – many of them minorities – could face significant cutbacks. The reason: Private mortgage insurers are re-thinking their decisions to participate.
Credit Unions Grow Loans at Faster Pace than Community Banks in 2017
Credit unions grew loans at a faster clip than community banks in 2017, according to data from the Credit Union National Association Mutual Group and the FDIC.
Former Loan Broker Pleads Guilty to Defrauding Small Businesses
A Saugus loan broker pleaded guilty yesterday in federal court in Boston to operating a scheme that defrauded small businesses from across the country in connection with their efforts to obtain business loans.
Secondary Market Renaissance Needed At Community Lenders
Every lender wants to hire more loan officers, but some will find that asking prices these days might just crush whatever profitability they thought they might have had. How can
US Home Loan Applications Jump As Mortgage Rates Fall
Applications for U.S. loans to refinance and buy...Westfield Financial Benefits From Conn. Expansion In Q2
Westfield Financial benefitted from double-digit loan...
