Massachusetts Real Estate & Financial News | Banker & Tradesman
WEBDevelopers and real estate executives weren’t tapping furiously at their keyboards and burning up my phone line in praise of the mayor’s announcement of a $100 million “Housing Acceleration Fund.”. Catch up on award-winning news and insights for the Massachusetts banking, commercial, industrial, and real estate industries.
This Week's Paper - Banker & Tradesman
WEBMuted Reaction to Wu’s $100M Housing Fund, Return of Top Planner. By Scott Van Voorhis | Banker & Tradesman Columnist | Sep 29, 2024 | Reprints | Unlock Link. Developers and real estate executives weren’t tapping furiously at their keyboards and burning up my phone line in praise of the mayor’s announcement of …
Massachusetts’ Approach to Federal Infrastructure Money Is …
WEB14 hours ago · Over the past two and a half years, the federal government has awarded more than $200 billion in infrastructure grants nationally, and while Massachusetts got off to a slow start, it is now emerging as a leader. Since October 2023, Massachusetts has ranked seventh in the nation for funding secured from all branches of the federal government, a ...
Old Tool Resurfaces as Banks Confront Mass. Racial Disparities
WEB14 hours ago · Massachusetts banks looking to level the playing field for prospective homeowners and business owners who have experienced discrimination in the past are starting to turn to an old, but rarely-used concept: special-purpose credit programs. Eastern Bank now offers loans of up to $250,000 to woman- and …
Opinion - Banker & Tradesman
WEBGuest Columns and Op-Eds. From high officials to lone operators, read a diverse cross section of perspectives on the issues facing the Massachusetts real estate and banking industries today. Pitches for op-eds and special section guest columns should be directed to managing editor James Sanna at [email protected].
The Biggest Mass. Banking Stories You Missed This Summer
WEBSep 5, 2024 · Home. In case you took it easy this summer, between the great weather and the high interest rates, here are the biggest Massachusetts banking stories you might have missed. The long-awaited tie-up, which vaulted Eastern into a comfortable spot as the biggest Boston-based bank operating in the region, had as federal regulators took their time ...
BT This Week's Paper Archives - Banker & Tradesman
WEBA self-described “builder,” the outgoing executive director of the Builders of Color Coalition, Colleen Fonseca, is reflecting on how much the group has achieved in three years, and where it still wants to grow. The newest 55-and-over community at Plymouth’s Pinehills includes 44 single-family homes ranging from 2,133 to over 3,300 square ...
Cash Buyers Can Get Their Money Back - Banker & Tradesman
WEB14 hours ago · And the loan amount cannot exceed Fannie Mae’s maximum loan limit, which changes yearly. Currently, that limit is $766,550 in most places, and about $1.15 million in high-cost markets. Only your acquisition and closing costs can be financed under the delayed financing exception. Any costs incurred …
State Leaders Celebrate Without a Victory - Banker & Tradesman
WEB14 hours ago · Driscoll, the former mayor of Salem and the governor’s point person on housing, offered the most bullish comments. “We are winning this fight for housing,” Driscoll said, per CommonWealth Beacon. “We’re not going to stop here.”. Campbell, the AG whose office is defending the MBTA Communities law in court, touted “the incredible ...
The Fed’s Cuts Come Too Late for Housing - Banker & Tradesman
WEBSep 15, 2024 · But the Fed’s long-awaited cut comes too late to save the housing market, which is now mired in what is likely to be a prolonged slump that could take years to climb out of. And like the downward momentum in the jobs market, it will take a lot more than just a rate cut or two to revive stalled plans across the country for new homes ...