MCBC Releases new report, “CRA for Mortgage Lenders, 2008-2015”
May 17, 2016
MCBC’s Mortgage Lending Committee and the MCBC Task Force on CRA for Mortgage Lenders is pleased to announce the release of MCBC’s new report, “CRA for Mortgage Lenders in Massachusetts, 2008-2015”, highlighting that community reinvestment regulation seems to have had a positive impact on the relative performance of Licensed Mortgage Lenders (LMLs) in meeting the needs of traditionally underserved borrowers and neighborhoods.
Lenders Forum on Community Land Trusts on June 8
May 12, 2016
Save the date for a Lenders Forum on Lending & Financing of Community Land Trusts. The event will be held on June 8th, 2-4 PM, at the Kroc Community Center in Dorchester. Co-sponsors include the Greater Boston CLT Network, Massachusetts Affordable Housing Alliance and MCBC. More details coming soon.
Notes from the 4/21 Economic Development Committee Meeting
April 21, 2016
The April 21st Economic Development Committee Meeting included a lot of great information, including: 1) Presentation on Small Business Credit Survey by Brian Clarke from the Federal Reserve Bank of Boston, 2) Presentation on City of Boston Small Business Plan by Rafael Carbonell, and 3) Information on the Anchor Institution Mapping Inquiry Project.
Our next meeting will be on Thursday, June 9th at Interise, 197 Portland Street, Boston, MA. This will be our last meeting before we take a short break over the summer.
Notes from the 4/19 Mortgage Lending Committee Meeting
April 20, 2016
The April 19th Mortgage Lending Committee Meeting included a lot of great information, including: 1) Presentation on Appraisals by Steve Sousa, MBREA, and Rich Goulet, MRA, 2) Delinquency and Foreclosure Reports from MHP and MassHousing for the quarter ending 12/31/15, and 3) Lots of great events and meetings coming up at our partner organizations.
Our next Mortgage Lending Committee meeting will be held on Tuesday, June 7 at 9:00 AM at MHP, 160 Federal Street, 2nd Floor, Boston. This will be our last meeting before we take a short break over the summer.
Join MCBC for Upcoming Committee Meetings
April 14, 2016
Join MCBC next week for a meeting of our Mortgage Lending Committee (April 19) or our Economic Development Committee (April 21). Sign up for the MCBC Bulletin Newsletter to make sure you hear about these events in the future by signing up for our newsletter and bulletins.
Read the Spring 2016 MCBC Bulletin
April 07, 2016
It may not feel like spring outside, but spring at MCBC brings even more ways for you to stay current and get connected. The Spring 2016 MCBC Bulletin is out, including is available info on our new website, our latest Small Business Lending Report, new Directors and Officers, CRA News and more!
Division of Banks holding Public Hearing on April 11th on 209 CMR 46.00 and 54.00
March 23, 2016
A Public Hearing will be held by the Division of Banks on Monday, April 11th at 3:00 PM at 1000 Washington Street, Hearing Room 1-E, Boston, Massachusetts on proposed amendments to 209 CMR 46.00: Community Reinvestment and 209 CMR 54.00: Mortgage Lender Community Investment.
MCBC Attends National Community Reinvestment Coalition Annual Conference
March 22, 2016
MCBC Executive Director Dana LeWinter traveled to DC for the National Community Reinvestment Coalition’s Annual Conference from March 16-18. Celebrating 25 Years in 2016, this year’s NCRC Annual Meeting was titled “Creating a Just Economy” and included 3 days of trainings and events focused on just that. Workshops were focused around several tracks, including “Access to Credit, Capital and Banking Services”, “Housing” and “Business Development”.
People’s United Bank’s Reality Check for Danvers High School Seniors
March 22, 2016
On March 14th, 250 seniors from Danvers High School participated in People’s United Bank’s annual Reality Check program. This is a program designed to prepare high school seniors for life beyond the classroom. The financial literacy program gives the students a hands-on lesson on the basics of budgeting.
MCBC Hosts Forum on Changing Patterns XXII
February 23, 2016
In its annual report on mortgage lending patterns, Changing Patterns, the Massachusetts Community & Banking Council (MCBC) highlights differences among lending patterns by race, income, and community. The report shows that in 2014, blacks in Boston made up 21.0% of households, but received only 3.6% of loans, while Latinos made up 13.7% of households and received 4.0% of loans. In Greater Boston, blacks were 7.3% of households and received 2.0% of loans, while Latinos were 6.8% of households and received 3.2% of loans.