News: Finance

Citizens~Union Savings Bank appointes Travis mortgage loan officer

According to Citizens~Union Savings Bank president and chief executive officer, Nicholas Christ, Roberta Travis has been appointed as mortgage loan officer. Travis brings 20 years of mortgage experience to her new role. As mortgage loan officer, Travis will be responsible for originating mortgages and equity loans, maintaining a thorough understanding of Fannie Mae guidelines, and ensuring compliance with Citizens~Union loan policies as well as all state and federal regulations. Prior to her new position, she most recently served as correspondent sales manager at Bristol County Savings Bank. Travis also served as loan officer during her tenure with Compass Bank/Sovereign Bank Travis resides in Swansea, Massachusetts with her husband Peter and two children. She holds an associates degree from Bristol Community College, and has completed several courses in Business Management at Roger Williams College in Bristol, R.I. Travis is a strong community advocate and volunteers her time with several local organizations. Citizens~Union Savings Bank, with nine offices in southeastern Massachusetts and Rhode Island, offers a wide range of financial services including deposit and loan products, investment management, trust, insurance and brokerage services to consumers and businesses. Its affiliates include Citizens~Union Financial Services, offering stocks, bonds, mutual funds, annuities and college savings plans; and Partners Insurance Group, LLC, an independent agency representing several insurance companies that provide coverage for automobile, home, life and business.
Tags: Finance
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Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
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Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

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