TOP LOAN ORIGINATORS SEE PAGE 10
ANNIVERSAR Y RR EE AA LL BY THE NUMBERS
PAGE 6
NM F OA RT M EESST TA A T TE E& &F I FN IANNACNI CA IL A IL N F OI R I OANT SI I ONNC ES I1 N8 C 7 2E
County close-up: Hampshire Spotlight: Belchertown
IN PERSON
PAGE 8
1 8 7 2
After two years that saw some small businesses thrive as others struggled through the pandemic, Charles Smith wants to help more entrepreneurs prepare for future growth, especially with big infrastructure projects in the offing.
WEEK OF MONDAY, MAY 16, 2022
RESIDENTIAL REAL ESTATE BY THE NUMBERS
$355,000 The median single-family sale price in Hampshire County so far this year. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
2.7 percent Purchase mortgage applications rose 2.7 percent in the first week of May. See page 9. Source: Mortgage Bankers Association
361 The number of single-family home sales Hampshire County so far this year. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
18.9 percent Adjustable-rate mortgage applications rose 2.7 percent in the first week of May. See page 9. Source: Mortgage Bankers Association
$1.1 million The most expensive recent existing single-family home sale Hampshire County. See By the Numbers on page 6. Source: The Warren Group
-7.7 percent Nationwide, purchase loan applications are down 7.7 percent from last year. See page 9. Source: Mortgage Bankers Association
6,357 The number of homes in Belchertown. See the Town Spotlight in By the Numbers on page 6. Source: Census Bureau
$15.2 million The purchase price for the most expensive home in this week’s Gossip Report. See page 17. Source: The Warren Group
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.
Loan originators processed $127.2 billion in residential mortgages across the state in 2021, up from $116.7 billion in 2020.
T O P L O A N O R I G I N AT O R S
TOP MASS. LOs
BUSY IN BOOMING MARKET 2021’s Demand for Home Loans Called ‘Great Opportunity’ BY DIANE MCLAUGHLIN BANKER & TRADESMAN STAFF
W
hile loan originators saw residential mortgage volumes near or above record levels for the second straight year in 2021, the first few months of 2022 have brought noticeable changes to the industry. Rising mortgage rates shut down the refinance activity that dominated the past two years. With loan originators returning their full focus to a busy purchase market, the changing economy and real estate market have left them looking ahead to new challenges.
“2020 and 2021 were a really great opportunity to serve a lot of clients and grab market share all across the country,” said Shant Banosian, an executive vice president with Guaranteed Rate and Massachusetts’ top loan originator last year. “2022 is going to have its whole set of different challenges, but we welcome the opportunity to fight through it and come out better on the other side of it.”
A Repeat of 2020
The Warren Group, publisher of Banker & Tradesman, has compiled from its proprietary loan originators module the top loan originators of calendar year 2021 in Massachusetts. The originators are ranked by number of loans, loan volume statewide, by region and by the institution with which they are most closely affiliated.
Loan originators processed $127.2 billion in residential mortgages across the state in 2021, according to The Warren Group, up from $116.7 billion in 2020 and $67.7 billion before the pandemic in 2019. Purchase activity statewide for loan originators was $40.87 billion last year, up 20.6 percent from $33.88 billion in 2020 and up 35.1 percent from $30.24 billion in 2019. Loan originators also handled about 253,700 residential refinances in Massachusetts in 2021, up 4.2 percent from 2020. Refinances made up 75 percent of loan originators’ activity in both 2021 and 2020. Leader Bank had seven of the top 10 bank loan originators based on number of loans in Massachusetts last year, and the lender also had six of the top seven bank loan originators by volume. Continued on Page 16
COMMERCIAL INTERESTS
H E A D W I N D S F O R H A R VA R D
Baker Pushes Renovated Idea in Economic Development Bill
Grassroots Opponents, Officials Resist Research Campus
A Second Try for Starter Homes By Scott Van Voorhis | Banker & Tradesman Columnist
Commercial Real Estate PAGE 3
Town-Gown Chasm Widens in Allston By Steve Adams | Banker & Tradesman Staff
Commercial Real Estate PAGE 7