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East Boston Savings Bank To Open Dorchester Branch; Questions Remain About Commitment to Affordable Mortgage Lending

Bank Regulators Award Fewer Outstanding CRA Grades in 2014

New MAHA Report on 2014 CRA Ratings is Released


January 31, 2015 - Of the 93 Community Reinvestment Act ratings awarded to Massachusetts banks during 2014, only thirteen (14.0%) were “Outstanding." This is the second lowest share of “Outstanding” ratings in the last twenty years, according to a report issued today by the Massachusetts Affordable Housing Alliance (MAHA).


The report was prepared for MAHA by Jim Campen, Professor Emeritus of Economics at the University of Massachusetts at Boston and a long-time member of MAHA's Board of Directors.


MAHA's twenty-fourth annual report lists the CRA ratings assessed to all Massachusetts banks, credit unions, and mortgage companies and evaluates the performance of the three federal regulators and the Massachusetts Division of Banks in reviewing bank performance in meeting community needs.




MAHA

Massachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
By email:
By phone: 617-822-9100
By fax: 617-265-7503

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