Raveis Launches Cash Offer Product for Homebuyers
By James Sanna | October 15, 2021 | Reprints | Unlock Link 
William Raveis Inc. has launched a new service it says will help buyers compete with all-cash offers in an incredibly tight real estate market.
Essex Savings’ 18th Leader – And First Woman
By Diane McLaughlin | October 14, 2021 | Reprints | Unlock Link
Diane Arnold had a summer job in Branford as a banker teller, but after graduating from college, she began working in the insurance industry. That career was short-lived, though, after Arnold received a call from Essex Savings Bank’s Gregory Shook asking her to return to the bank and go through a management training program. She has been in banking ever since, working on commercial lending.
Greater Hartford Renters Pay More per Month than Homebuyers
By James Sanna | October 13, 2021 | Reprints | Unlock Link
With the rental market strengthening, the median monthly rent outpaces the monthly mortgage payment on the median newly-bought home in most of Connecticut, according to a National Association of Realtors analysis.
Bank Profits Soar, Helped By Merger Frenzy, Fewer Bad Loans
Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won’t likely recoup.
Rispoli Joins First County Bank’s Wealth Management Division
First County Advisors, the wealth management division of Stamford-based First County Bank, has expanded with the hiring of Michael Rispoli as vice president relationship manager.
Torrington Savings Bank Establishes Investment Division
October 15, 2021 | Reprints | Unlock Link
Torrington Savings Bank has partnered with Meriden-based Infinex Financial Group to establish TSB Investments, the bank’s new investment division.
Industry Groups Continue Campaign Against Proposed IRS Reporting
By Diane McLaughlin | October 15, 2021 | Reprints | Unlock Link
An aggressive industry campaign against a Biden administration proposal to report bank account information to the Internal Revenue Service continued on Thursday as more than 100 trade groups and other organizations sent a joint letter to congressional leaders voicing opposition to the proposal.
Administration Outlines Options to Control Climate Risk in Mortgages, Banking
By The Associated Press | October 15, 2021 | Reprints | Unlock Link
The report lays out steps that could potentially alter the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting.
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