Industry News

December 2016 Foreclosure Inventory Down 30 Percent From 2015

December 2016 Foreclosure Inventory Down 30 Percent From 2015

The nationwide fore closure inventory declined by 30 percent in December 2016 and completed foreclosures declined by 40 percent, compared to December 2015, according to a report released today by CoreLogic, a global property information and analytics firm.

Solect Celebrates 26 MW Of Solar Energy In ‘16  

A Hopkinton developer and installer of solar energy systems recently announced it achieved a record-breaking year in 2016, with 115 sites and more than 26 megawatts (MW) in total solar output.

Personnel File

Blue Hills Bank, Cushman & Wakefield and Fidelity Bank are among those institutions announcing changes to personnel in this week’s roundup.

NAR Reports National Housing Market Continued Its Recovery In 2016

NAR Reports National Housing Market Continued Its Recovery In 2016

The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.

BSB Posts 73 Percent Growth In 2016

BSB Bancorp posted strong earnings driven by core deposits in the fourth quarter last year, representing the 14th consecutive quarter of growth for Belmont Savings Bank.

Fed Loan Officer Survey: CRE Lending Standards Tightening

Perhaps in response to increased regulatory scrutiny of commercial real estate loans, banks tightened standards on CRE loans during the fourth quarter, according to the Federal Reserve’s latest senior loan officer survey of bank lending practices.

Community Good Works

Community Good Works

Bridgewater Savings Bank, Cummings Properties and SpencerBANK are featured in this week’s roundup of organizations giving back to their communities.

Davis Cos. Begins 223K SF Lab Building In Alewife

Davis Cos. Begins 223K SF Lab Building In Alewife

Boston-based Davis Cos. has begun construction of Alewife Research Center, a lab building that will be positioned to attract spillover demand from life science companies unable to find space in Kendall Square.

Sageworks: Bankers May Want To Retool FICO Storage

More than a third of bank and credit union professionals (34 percent) store consumers’ FICO scores on a monthly basis, but given the approaching requirements of CECL, they may want to rethink that approach, financial analysis firm Sageworks said recently.