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SBA lending up 8% in Connecticut

Small Business Administration District Director Anne Hunt says the increased lending indicates positive activity within the financial industry; that banks are taking on more loans; and that small businesses are finding it easier to approach lenders.

SBA lending up in Connecticut

Among the top SBA lenders in Connecticut this year were TD Bank, Webster Bank, Berkshire Bank, Farmington Bank and Liberty Bank.

Wary borrowers avoiding reverse mortgage market

Reverse mortgages have weathered some controversy over the years, ranging from news stories regarding foreclosure cases against seniors who defaulted on the terms of their loans to a wider misperception that lenders automatically seize the property upon the death of the borrower.