FLEET WILL SET $200M FOR LOAN PROGRAM ACTIVIST GROUP WILL SCREEN APPLICANTS FOR LOWER MORTGAGE RATES
Once upon a time, Neighborhood Assistance Corp. of America sent out waves of protesters with bullhorns from its converted warehouse in Jamaica Plain, shaming banks into giving millions of dollars for low-income mortgage programs. These days, it manages a $4.3 billion portfolio of mortgage loans and

Publication: The Boston Globe

Higher Mortgage Rates Cut into Bank Jobs.
Byline: Kenneth R. Gosselin Jun. 11--Not only are rising mortgage rates making it more expensive to buy a house, they also are taking a toll on mortgage lenders. Although home purchases still remain healthy, mortgage refinancing has slowed to a trickle. And some workers -- once frantically busy in

Publication: Hartford Courant (Hartford, CT)

Progress reported in lending to minorities Bank data also shows significant gains in mortgage approval rates
Some Boston banks made modest progress in lending to minority home buyers in 1992, while others more significantly boosted their mortgage approval rates for blacks and Hispanics. According to data released by the banks last week, minority applicants were still denied mortgages more often than

Publication: The Boston Globe

FLEET BANK REDUCES PRIME LENDING RATE
BOSTON, Feb. 1 /PRNewswire/ -- Fleet Financial Group (NYSE: FLT) today announced that it has cut its prime lending rate from 8.50 percent to 8.25 percent effective immediately. The downward trend in interest rates is good news for national and regional economies. It's been made possible by a good

Publication: PR Newswire

Fleet Mortgage settles loan bias suit Will pay $4m to minority customers, end Justice probe
Fleet Financial Group's mortgage subsidiary yesterday agreed to pay $4 million to hundreds of black and Hispanic customers to settle US Department of Justice allegations that it overcharged minority borrowers for loans. The settlement ends a Justice probe begun after federal bank regulators found

Publication: The Boston Globe

Fed finds poor records obscure Fleet mortgage role
Poor record-keeping by Fleet Financial Group's second-mortgage subsidiary stymied federal bank examiners' attempt to determine whether Fleet is at fault for thousands of loans under scrutiny for alleged violations of antidiscrimination laws and interest-rate caps. A new report by the Federal

Publication: The Boston Globe