Massachusetts

Provident Bank in Amesbury, Mass., has entered warehouse lending after buying a business from People’s United Financial in Bridgeport, Conn.

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

Massachusetts cities and towns would have new options for funding local affordable housing under a proposal rolled out on Jan. 8: a fee of up to 2% on real estate sales above the statewide median sales price, and a higher fee on certain "speculative" property sales.

A group of Massachusetts lawmakers, local elected officials and housing advocates plan to launch a new coalition next week to advocate for real estate transfer fee legislation.

Freedom Credit Union has listed for sale the three downtown Springfield, Mass., office buildings it took back in November in a mortgage foreclosure.

Home sales in November tumbled by 11.9% compared to last November, and sales over the first 11 months of 2019 are down 2.3% compared to the same period last year.

While the median price of sold homes increased again this year, the number of sales to date in Central Massachusetts is so far below the rate from last year.

It's been two years since Taunton, Mass., City Solicitor Jason Buffington announced that a real turnaround was on the horizon for the forlorn and nearly vacant Whittenton Mills complex.

Home sale prices in Massachusetts continued their ascent in July, setting a new all-time high for the month and rising to a level nearly 20% higher than five years ago and nearly 40% higher than July 2009.

Massachusetts home sale agreements shot up 9% in July, compared to a year ago, and the median price of a single-family home put under agreement last month rose to almost $440,000.

Real estate investors — people who purchase and quickly resell homes for profit, sometimes called "house flippers" — are a key hurdle for many looking to break into the housing market.

Home sales declined in June nearly 10% and condo sales plunged nearly 12% compared to last June as the median sale price for both homes and condos in Massachusetts soared to all-time highs.

Mortgage Industry Advisory Corp. will collect bids Tuesday on behalf of a seller for a more than $1 billion mortgage servicing rights package that includes securitized loans with alternative remittance cycles.

The Boston company gained the mortgage platform when it bought First Choice in 2017.

Northeast mortgage originators relied heavily on referral relationships with attorneys and financial planners and less so with homebuilders last year, the Top Producers 2019 survey found.

Caliber Home Loans settled a grievance with the Massachusetts attorney general over allegations of providing distressed borrowers with unaffordable loan modifications.

Now that Ocwen settled the servicing practices lawsuit brought by the Massachusetts attorney general, just two outstanding complaints remain from the 30 filed nearly two years ago.

David Plunkett, a 53-year-old accountant in Lynn, Mass., pleaded guilty to bank fraud this week for his part in a scheme to defraud mortgage lenders between 2006 and 2015.

New Fed Mortgage's pending acquisition of Commonwealth Mortgage LLC will allow it to expand its geographic footprint outside of New England.

At least 38 projects totaling 3,337 units were proposed statewide in 2017, which is far more than the five projects totaling 391 units proposed in 2010, the basement of the Great Recession.