News: Financial Digest

NE Moves recognized as the top producing lender of MassHousing

NE Moves Mortgage, LLC was recognized as the top producing lender of MassHousing first mortgages through both the MassAdvantage and Fannie Mae MyCommunity loan programs at the MassHousing's annual Home Ownership Awards Ceremony. The annual event recognizes MassHousing lending partners for their excellence in promoting and originating the agency's affordable mortgage and mortgage insurance products. NE Moves originated 168 MassAdvantage loans worth $32.7 million and 126 MyCommunity loans worth $27.1 million, for a combined total of 294 loans worth $59.8 million. NE Moves Mortgage also received a special achievement award for being a top producer of mortgages to lower-income homebuyers.
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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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