Reverse Mortgages Make Steady Forward Progress
By Jennifer Jope
As reverse mortgages slowly begin to shed the stigma once attached to them, Federal Housing Administration statistics show activity for such loans increased dramatically in fiscal year 2004. Massachusetts was also listed as one of the top 10 states in terms of volume of Home Equity Conversion Mortgage endorsements.
Credit Union Buys Centrum’s Naming Rights in $5.2M Deal
By Jennifer Jope
Marlborough-based Digital Federal Credit Union’s name will soon be in the bright lights. The credit union recently purchased the naming rights to the Worcester Centrum in a 10-year, $5.2 million deal. While some credit unions are tipping their hats to DCU, bankers are angered by the recent developments. DCU officials say they are simply utilizing the latest marketing strategy.
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