Wednesday, November 29, 2023


Home Tags Peter J. Nigro

Tag: Peter J. Nigro

IMPROVED FORMULA? Joseph Baptista, president of Anchor Financial Mortgage Inc. in Pawtucket, says the Federal Housing Finance Agency’s plan to change the way risk-based fees are applied to home loans seems logical.

Changes in mortgage fee structure may shake up industry

Charging higher fees to a borrower who makes less money and has more debt has historically been the best way for mortgage lenders to...
Brian Azar, CEO and president of Pawtucket-based Coastal1 Credit Union, says a move to “open banking” as proposed by the Consumer Financial Protection Bureau could be good for institutions such as his.

New proposal could put customers in charge of their financial data

If information is power, then banks and credit unions are in control. That’s because every morsel of customer financial data, from spending patterns to credit...

Many banks consolidating jobs as economy shifts

While restaurants and retailers were laying off their workers at the onset of the COVID-19 pandemic, banks embarked on a hiring spree in the...
DEMANDING JOB: Stephen Tetzner, founder and managing partner of Homestar Mortgage Inc., says 2021 was the busiest of his 46 years in the mortgage industry. / PBN PHOTO/MICHAEL SALERNO

Will higher interest rates cool the housing market?

What goes down, must come up. That will apply to mortgage rates, which have begun to climb after hitting historic lows in 2021 and are...
UNDER REVIEW: Terry Telesmanick, right, Centreville Bank senior vice president of bank operations, speaks with Branden Powers, retail operation supervisor, at the bank’s West Warwick headquarters. Telesmanick says Centreville is in the midst of reevaluating its services and fees, including overdraft fees.  / PBN PHOTO/MICHAEL SALERNO

Overdraft fees getting plenty of scrutiny

While banks were denounced as villains of the 2008 recession, their response to the COVID-19 crisis had some calling them heroes. The praise was based...
- Featured Event -

Latest News