News: Financial Digest

Mass. Mortgage Lending Industry Summit to be held on September 5th

Leadership throughout the Mass. banking, mortgage banking and mortgage brokering community have met throughout the summer in order to discuss and formulate strategies to address the rising foreclosure and delinquency rates, funding issues, capital accessibility, educational needs and strategic alliances in this ever changing marketplace. The end result of these dialogues is the presentation of a Mass. Mortgage Bankers and Mass. Bankers Associations' jointly sponsored program entitled the Mass. Mortgage Lending Industry Summit to be held on Friday, September 5th, from 8 a.m. - 3:30 p.m. at the Sheraton in Framingham. For more information visit www.massbankers.org.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

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.
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