News: Financial Digest

MassHousing's Milewski inducted into the New England Mortgage Bankers Hall of Fame

MassHousing's Peter Milewski was recently inducted into the New England Mortgage Bankers Conference Hall of Fame for his more than 40 years of excellence in mortgage banking. Milewski, of Duxbury, is the director of MassHousing's Mortgage Insurance Fund and also the agency's manager of Homeownership Business Development. He received the honor at the 25th Annual New England Mortgage Bankers Conference (NEMBC) in Newport, R.I. The NEMBC is comprised of mortgage bankers associations from the five New England States. "This is a very humbling experience," said Milewski. "In the years I have worked in the industry I have had the honor to work with the industry pioneers, the best, the brightest and the bravest, all of whom are more deserving of this honor than I am." Prior to joining MassHousing in 1999, Milewski was a division manager for Advanced Financial Services, an account manager at Republic Mortgage Insurance Company, regional vice president at Mellon Mortgage, an account executive and regional director for Mortgage Guaranty Insurance Corporation, assistant treasurer at Plymouth Savings Bank and a branch manager at Shawmut Bank.
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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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