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 Issue of February 27, 2006 
   
Mortgage Volume Slips 9 Percent in State
By 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
It’s been seven months since Bridgeport, Conn.-based People’s 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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