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The verdict was nearly unanimous at a recent hearing on Capitol Hill: The new federal “ability to repay” and “qualified mortgage” regulations that took effect Jan. 10 will make obtaining credit tougher, not easier, this year, and potentially force large numbers of credit-worthy homebuyers to defer or cancel their plans. more
Luring business away from larger banks, maintaining diversified earnings streams and expanding into mortgage markets outside Rhode Island led Washington Trust Bancorp Inc., parent of The Washington Trust Co., to post a record profit of $36.2 million for 2013, an increase of 3.1 percent compared with $35.1 million of net income for 2012. more
Karisa Tashjian, originally from Chester Springs, Pa., gravitated to work in literacy. After studying at Clark University, she moved to Maryland and volunteered to tutor a Korean woman in English. more
Protruding a mile into Narragansett Bay, North Kingstown’s Quonset State Airport has a decidedly lower profile than the state’s main airport, Warwick’s T.F. Green Airport. more
The Providence Business News Executive Poll is a weekly survey of 70 business leaders throughout the state, representing small and large companies in a variety of industries. more
The nonprofit Libraries of Foster would get a new home under a developer’s plan to build the town’s first-ever shopping complex. The project, called Simmons Crossing, would include a new library, restaurant, grocery, small post office and other shops near the Route 6 and Route 94 intersection. Above is librarian Kristine Chin, left, and developer Ann Valentine, in front of one of the town’s two library sites, on Howard Hill Road. The town must still raise money to help build the library, estimated to cost $3 million. more
At its new elevation, the redesigned Watch Hill Boat Yard office and boaters’ lounge rests gracefully at the mouth of the Pawcatuck River near Little Narragansett Bay. The footprint is the same as the previous office that was built flat on the ground before the 1950s, but this new two-story structure has an entire one-story open space below the first floor. more
In eight years, Worcester Technical High School has gone from an underperforming school in Massachusetts to a national model for career and technical education. more
Restoring 225 acres of abandoned U.S. Navy property spanning three communities turned out to be too large and complicated for a single redevelopment project. more
The average per capita debt for Rhode Island’s cities and towns is $1,673, with the highest per capita debt in Providence at $7,366 per person, according to an analysis of local debt data conducted by WPRI-TV CBS 12’s Target 12 team. more
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