Network News
Small Business Lending Report Released
Small Business Lending in Massachusetts, 2005-2008
In its eleventh report on small business lending, the Massachusetts Community & Banking Council (MCBC) shows a significant decline in small business lending in 2008. Utilizing lending data collected under the Community Reinvestment Act (CRA), the report also shows persistently lower small business lending rates in the state’s lower-income and minority areas.
New Mortgage Lending Report Released
MCBC releases new expanded report on 2007 small business lending
For the report, click here.
Massachusetts Trails New England and the U.S. in
Small Business Loan Growth
Report Shows Persistently Lower Small Business Lending Rates
In the State’s Low Income and Minority Areas
MCBC releases new report on 2007 mortgage lending
For the report, click here.
REPORT SHOWS DRAMATIC DECLINE IN HIGHER-COST MORTGAGE LOANS
Troubling Racial Disparities Remain
BOSTON, MA – February 11, 2009. In its fifteenth annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) documents a dramatic decline in the percentage and number of higher-cost home-purchase and refinance loans and an increase in the market share of Massachusetts banks and credit unions. Utilizing 2007 mortgage lending data, the report shows that while every city and town in Massachusetts received at least one higher-cost mortgage loan, there is a continuing pattern of higher-cost mortgage loans concentrated among members of minority groups and the neighborhoods where they live.
BAEI Toolbox available to assist financial institutions in responding to unbanked/underserved markets
To find more information go to our Other Reports section.
