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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Barnstable Spotlight: Mashpee
IN PERSON
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After nearly 10 years with consultants McKinsey & Co. in London and Boston, Jit Kee Chin joined Suffolk last year as its chief data officer. The California Institute of Technology and MIT grad works with Suffolk’s innovation and strategy teams to get a big-picture view of construction projects.
WEEK OF MONDAY, APRIL 9, 2018
BANKING & LENDING BY THE NUMBERS
COMMUNITIES OF COLOR
15% Cape Cod Five continues to dominate the mortgage market in Barnstable County, taking nearly 15 percent of market share in the first two months of 2018. See By the Numbers on page 6 for more. Source: The Warren Group’s Mortgage Market Share Module
#3 Meryl Watson from Cape Cod Five was the number three loan originator in Barnstable County for the first two months of the year; see By the Numbers on page 6 for the top ranked LO. Source: The Warren Group’s Loan Originator Module
$48 million Rockland Trust is the top refi lender by volume in Plymouth County this year with a volume of nearly $48 million. Source: The Warren Group’s Mortgage Market Share Module
Greenfield Savings Bank Four of the top five loan originators in Franklin County for the year so far represent Greenfield Savings Bank. Source: The Warren Group’s Loan Originator Module
30 percent Thirty percent of residents in Worcester are unbanked, compared to just 5 percent statewide. See Bram Berkowitz’s story on this page for more about a cooperative effort to reach the state’s underbanked population. Source: Worcester Mayor Joe Perry
$0 The top three homes sold in the state last week were all-cash purchases and do not carry mortgages. Source: The Warren Group’s Statistics Module
From Boston to Worcester, Underserved Residents Share Frustrations Financial Institutions See Challenges and Want to Help
Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.
2016 2017
Massachusetts 4,138 3,837 Worcester
168 181
All figures for single-family home purchase mortgages Source: The Warren Group
48 Nearly 50 former Transwestern brokers joined CBRE/New England in February. See Steve Adam’s story on page 9 for more about the personnel churn in Greater Boston’s CRE firms.
FORECLOSURE DEEDS FILED
BY BRAM BERKOWITZ BANKER & TRADESMAN STAFF
T
here are vast differences between the local economy of Greater Boston and that of Central Massachusetts. But for those who struggle to engage with the banking system, the issues remain largely the same. Worcester residents recently addressed a panel of local, state and national politicians, as well as representatives from large and small banks and credit unions. Although located 45 miles away, many shared experiences similar to those expressed by Boston residents a few months ago at a previous event, regarding access to capital through the banking system and navigating the perplexing foreclosure process. continued on page 8
COMMERCIAL INTERESTS
T R I C K L E - D O W N S T R AT E G Y
‘A Graceless Form’ Neighbors Challenge Winthrop Square Tower
Personnel Churn Continues in CRE Brokerages
By Scott Van Voorhis | Banker & Tradesman Columnist
By Steve Adams | Banker & Tradesman Staff
Commercial Real Estate PAGE 3
Some See Rare Opportunity to Poach Talent
Commercial Real Estate PAGE 9