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| Issue of February 27, 2006 |
Mortgage Volume Slips 9 Percent in StateBy Andrea Gregory The number of purchase and refinance mortgages dropped last year, but the good news is the decrease in loan activity was less than many industry practitioners say was expected. Bill Proposes More Flexibility for Credit Union Procedures By Andrea Gregory State-chartered credit unions could soon gain the ability to offer credit cards and safety deposit boxes to members without prior written consent, act as bill-paying agencies and adopt some practices intended to streamline businesses for the institutions. Bank Broadens Bay State Reach With Residential Services By Katie Curnutte Its been seven months since Bridgeport, Conn.-based Peoples Bank opened a commercial loan production office in Burlington, and now the $11 billion bank is again reaching into the Bay State by offering residential mortgages, home equity lines of credit and home loans to Massachusetts residents. |
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