Industry News

Community Good Works

Community Good Works

This week’s roundup features seven financial institutions giving back to their communities.

Activists Offer Free Foreclosure Defense Clinics

Activists Offer Free Foreclosure Defense Clinics

The Massachusetts Alliance Against Predatory Lending is sponsoring free clinics to inform homeowners foreclosed in 2014 or earlier that they face a new deadline to file paperwork to preserve the 20-year window in which homeowners may contest a foreclosure.

US Housing Starts Drop; Permits Rise To One-Year High

US Housing Starts Drop; Permits Rise To One-Year High

U.S. homebuilding fell in January as the construction of multifamily housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track.

Kinlin Grover Returns To Independent Brokerage

Kinlin Grover Returns To Independent Brokerage

Kinlin Grover Real Estate, a division of one of the nation’s largest privately owned residential real estate brokerages, The Randall Family of Cos., announced yesterday it is no longer part of a franchise and has returned to being an independent brokerage.

Mortgage Payments Take Up Biggest Share Of Income Since 2010

Mortgage Payments Take Up Biggest Share Of Income Since 2010

With interest rates and home values on the rise, the typical monthly mortgage payment now requires more of the average household income than it has anytime in the previous six years, according to a report released today by Zillow.

Citizens Finances Des Moines Retail Outlets

Citizens Bank recently made a $65 million loan to NED Altoona LLC/New England Development to build a 300,000-square-foot retail outlet center near Des Moines, Iowa.

McMahon Confirmed As SBA Chief

McMahon Confirmed As SBA Chief

Former wrestling magnate and two-time Senate candidate Linda McMahon was easily confirmed to head up the Small Business Administration yesterday with a vote of 81–19.

TD Bank Expanding Small Business Teams

TD Bank Expanding Small Business Teams

TD Bank announced this week that it would be expanding its small business teams in several key markets, including Massachusetts and Connecticut.

Danvers Office Property Sells For $18M

Danvers Office Property Sells For $18M

Holliday Fenoglio Fowler (HFF) recently announced that it closed the $18 million sale of and arranged $12.5 million in financing for Tower at Northwoods.