MCBC’s Mortgage Lending Roundtable Roundup – Spring 2020
June 25, 2020
May 19th Roundtable – ‘How does COVID-19 impact all of us?’ MCBC’s Mortgage Lending Roundtable series quickly pivoted from discussing down payment assistance programs to the impact of the COVID-19 pandemic. Most recently, MCBC’s May 19th Roundtable asked ‘How does COVID-19 impact all of us?’ perspectives from across the mortgage lending industry. The conversation focused on first-time […]
Read MoreMCBC’s Mortgage Lending Report Inspires Policy Innovation at MassHousing
May 27, 2020
MassHousing shares with MCBC’s Board of Directors how Changing Patterns XXV, authored by Jim Campen, informed policy goals MCBC’s 2018 mortgage lending report, Changing Patterns XXV, authored by Jim Campen, drew awareness to the racial homeownership gap. The racial homeownership gap is particularly pronounced in Massachusetts. The U.S. homeownership rate is 63.9%; but only 46% of […]
Read MoreMCBC’s Small Business Lending Roundtable Roundup – Spring 2020
May 02, 2020
Leaders in Small Business Lending Discuss 2019 Accomplishments MCBC kicked off its 2020 Small Business Lending Roundtable series on January 23rd in Boston at Eastern Bank. Leader Bank and Dorchester Bay Neighborhood Loan Fund highlighted accomplishments from 2019. Leader Bank’s Patrick Daaboul (SBA Administrator) and Sandeep Jain (AVP- Commercial Loan Officer) discussed the institution’s role in […]
Read MoreFrom the Boston Fed: SBA Paycheck Protection Program Resources
April 25, 2020
The second round of funding for the SBA Paycheck Protection Program (PPP) opens on Monday April 27th. The second round of funding is expected to run out quickly. Therefore, the Boston Fed created a resource page for small businesses and nonprofits to aid them in applying to this program. The resource page includes: – An info […]
Read MoreMCBC’s comment letter responds to Community Reinvestment Act reform
April 06, 2020
The Massachusetts Community & Banking Council, Inc. (MCBC) submitted a comment letter to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) in response to the notice of proposed rule making to reform the Community Reinvestment Act (CRA). The proposed regulations are extensive and attempt to: clarify which […]
Read MoreApril 2020: Lending Roundtables & COVID-19 Resources Roundup
April 01, 2020
As Massachusetts adjusts to the economic hardships resulting from the COVID-19 pandemic, many are asking: What can we do? How can we help? MCBC suggests starting here: Lending Roundtables First, let’s navigate this difficult time and get through it together. Attend MCBC’s lending roundtables hosted via teleconference during the lunch hour. The Mass. Division of […]
Read MoreMCBC announces research partnership with University of Massachusetts Donahue Institute
March 12, 2020
For immediate release Contact: Regan St. Pierre, Executive Director Contact information: rstpierre@mcbc.info BOSTON, MASSACHUSETTS – The Massachusetts Community & Banking Council, Inc. (MCBC) is pleased to announce a three-year research partnership with the Economic & Public Policy Research Group (EPPR) at the University of Massachusetts Donahue Institute. To inform its membership and programming, MCBC will contract […]
Read MoreFebruary 2020: Roundtables, Membership Drive, CRA Modernization & More
February 25, 2020
Last month, MCBC hosted Leader Bank, Dorchester Bay Neighborhood Loan Fund, and Merrimack Valley Housing Partnership. As a result, we learned: 32 down payment assistance (DPA) programs assist ~425 people in 67 of the Commonwealth’s 351 cities and towns annually. Some cities and town do not exhaust their funding for DPA programs Dorchester Bay has a new online lending platform and marketing […]
Read MoreJanuary 2020- Mortgage Lending Roundtable Recap
February 24, 2020
On January 23rd MCBC hosted the first Mortgage Lending Roundtable of 2020. MCBC kicked off a four-part series on down payment assistance (DPA) programs. Roundtable attendees included representatives from Mass Bankers Association, CHAPA, National Consumer Law Center, area banks, realtors, and community organizations. Jim Wilde, Executive Director of the Merrimack Valley Housing Partnership (MVHP), shared […]
Read MoreNotes from the 9.17.19 Joint Lending Committees Meeting
November 07, 2019
In case you missed the joint Mortgage and Small Business Lending Committees Meeting on 9/17/19, details of the meeting are included below. Detailed meeting minutes can be found here. We were joined by Dave Madan of Boston Investments and founding member of the Builders of Color Coalition (BCC). BCC convenes minority real estate professionals in Greater Boston’s […]
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