Name: Alain Valles
Title: President, Mass. Mortgage Association
Company: Direct Finance Corporation
Location: 439 Columbia Rd., Hanover, MA 02339
Birthplace and year: Morristown, N.J., 1961
Family: Wife, Gail; four children: Derek, Kevin, Katherine and Dennis
College: Univ. of Mass., BBA in Business; Univ. of Penn., The Wharton School, MBA; MIT, masters in Real Estate
First job outside of finance: Owned Herbie's Ice Cream in Hanover.
First job in finance or allied field: Krupp Companies, real estate planner
What do you do now and what are you planning for the future? Now that the loan officer law has passed, educate the industry and work with the Mass. Division of Banks to provide loan courses and training.
Hobbies: Time with family, travel with family
Favorite book: "What to Say When You Talk to Yourself," by Dr. Shad Helmstetter
Favorite movie: "Camelot"
Key to success: Maintaining a positive attitude and giving grace to others.
If you had to choose another vocation what would it be? Business consultant
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.