Danvers Mortgage Company Sponsors Hockey East Tournament
Danvers-based Mortgage Network Inc. is sponsoring the 2022 Hockey East Men’s Championship, which returns to the TD Garden in Boston for the first time since 2019.
Redfin Grows Mass. Mortgage Footprint with Bay Equity Acquisition
Discount brokerage Redfin has agreed to acquire mortgage lender Bay Equity Home Loans in a move Redfin said would increase its scale and efficiency while giving its customers more lending options.
Embrace Home Loans Opens Seaport Office
Rhode Island-based Embrace Home Loans has opened its first Boston office in the Seaport District as the company expands in the Northeast.
FHFA Increases Fees on High Balance, Second Home Loans
Some high balance loans and mortgages on second homes sold to Fannie Mae or Freddie Mac could soon face higher upfront fees.
Matthew Sosik Named to MHP Board
Gov. Charlie Baker has appointed Matthew Sosik, president and CEO of Hometown Financial Group, to the board of directors of the Massachusetts Housing Partnership
New Lender Enters MA Mortgage Market
California-based Bay Equity Home Loans is the latest entrant into the Massachusetts mortgage market following its recent purchase of Connecticut-based mortgage company.
Large Banks Struggle to Turn Profit on Mortgages
Large banks lag far behind their independent competitors when it comes to making a profit on retail residential mortgages.
Small Dollar Loans Driving Commercial Lending at Community Banks
Although the real estate market is deep into the current cycle, commercial lending did not falter in 2018 and banks were able to achieve strong results by staying in their lanes and sticking to the individualized strategies they have spent years building.
