Two Mutuals Seek to ‘Have Their Cake and Eat It, Too’
When two banks north of Boston combine their mutual holding companies next year, they’ll be taking a path already blazed by a trio of New Hampshire community banks. While the combination will see the banks, which have adjacent but not overlapping markets, consolidate...CEO Out After BankProv Buffeted by Crypto Losses
Dave Mansfield has resigned from his role as president and CEO of BankProv, a move that comes as the bank expects to see steep financial losses tied to one of its cryptocurrency loan portfolios. The Amesbury, Massachusetts-based bank operates several New Hampshire...
Mortgage Lenders Can’t Stand Out from the Competition
While borrowers might be expected to cite mortgage rates as the top reason for selecting a specific lender in the current environment, J.D. Power sees this as a potential problem for lenders. With mortgage demand down amid rapidly rising rates, the consultancy’s...
Mortgage Volumes Expected to Fall 37 Percent
As mortgage rates hover around 7 percent and economic conditions suggest an upcoming recession, industry experts say total mortgage volumes could decline in 2023 by as much as 37 percent. “Next year will be particularly challenging for the U.S. and global economies,”...This Week’s Paper: Digital Edition
