15 Lenders Commit to ONE Mortgage Program - Citizens, Santander, Eastern and Blue Hills Bank Lead the Way
BOSTON, Sept. 24, 2013 --- Two months after it was announced that the SoftSecond Loan Program would be transitioning from a two-loan structure to one mortgage, 15 lenders have committed to the new ONE Mortgage Program, nine are originating loans and the first ONE Mortgage loan has been made.
"The response to the new program has been fantastic," said MHP Homeownership Director Gina Govoni. "Lenders are telling us that the new program is simpler to explain and administer while remaining the most affordable mortgage they can offer their customers."
Nine lenders have been trained on the new program's guidelines and systems, and are originating loans. These lenders are Bay State Savings, Chelsea Bank, Clinton Savings Bank, Dedham Savings Bank, Eastern Bank, Enterprise Bank, Mechanics Cooperative Bank, The Savings Bank and Winchester Coop. The first ONE Mortgage, made by Winchester Coop, closed on Aug. 27. A tenth lender, Blue Hills Bank, plans to begin originating loans on Oct. 1.
Five lenders have committed to the program and are expected to be originating loans by the start of next year. They are Boston Private Bank and Trust, First Citizens Federal Credit Union, Rockland Trust, Santander, and RBS Citizens.
September 24, 2013 - Dorchester State Representative Marty Walsh and City Councilor At-Large John Connolly from West Roxbury finished in the top two spots in today's preliminary election for Mayor and will face each other in the November 5th general election.
Charlotte Golar-Richie finished third, followed by District Attorney Dan Conley, City Councilor Felix Arroyo, John Barros, City Councilor Rob Consalvo and City Councilor Michael Ross.
We look forward to a vigorous campaign from the two finalists including a discussion of the affordable housing and mortgage lending issues facing the city.
MAHAMassachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
By email: email@example.com
By phone: 617-822-9100
By fax: 617-265-7503