MassHousing honors Bank of Canton
By Canton Citizen
(L-R): James Downey, board of directors at BOC; Maureen Moriarty, relationship manager – business development at MassHousing; George M. DeMello, BOC senior VP of residential lending; Stephen P. Costello, BOC president and CEO; Judy Higgins, assistant VP of residential lending; and Peter S. Milewski, director of mortgage insurance fund at MassHousing.
Stephen P. Costello, president and CEO of Bank of Canton, is pleased to announce that the Massachusetts Housing Finance Agency (MassHousing) has honored Bank of Canton as top producer of first mortgage loans in the state of Massachusetts for the third consecutive year.
The bank is also extremely pleased to announce that it has received a special achievement award for being the top minority lender for the fifth consecutive year. In 2010, Bank of Canton originated 176 MassHousing loans worth $40.6 million overall, including 26 mortgages to minorities worth $5.9 million.
“Bank of Canton is honored to be recognized once again with these esteemed awards and takes great pride in our association with MassHousing,” Costello said. “Congratulations to George DeMello, senior vice president of residential lending, and his team of dedicated mortgage bankers for their outstanding performance and unwavering commitment to making affordable and sustainable home mortgages available to residents throughout Massachusetts. MassHousing’s innovative products, pricing and support help us meet our customers’ home financing demands and excel as an industry leader in lending.”
“Bank of Canton is a perennial leader in providing quality, fixed-rate MassHousing mortgages to low- and moderate-income borrowers as evidenced by their being our top producer for the third consecutive year,” said MassHousing Executive Director Thomas R. Gleason. “They also continue to excel in minority lending, and we are pleased to honor Bank of Canton for the fifth straight year as MassHousing’s top lender to minorities.”
In 2010, Bank of Canton’s Residential Lending division enjoyed a record-breaking year with $805 million in loan closings. Out of hundreds of mortgage lenders in Massachusetts, Bank of Canton was a “top five” provider of conventional mortgage loans for single-family and condo home purchases and a “top 10” provider of mortgage loans for home purchases of all types.
For more information on MassHousing mortgage programs or other mortgage products and programs, please visit Bank of Canton’s website at www.ibankcanton.com or call 1-888-828-1690.
Short URL: https://www.thecantoncitizen.com/?p=7166
Posted by Canton Citizen
on Aug 10 2011. Filed under Business.
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