The Boston Globe, June 24th, 1990
LOWELL-- For most of the 1980s no one made more loans in Massachusetts than ComFed Bancorp. The 98-year-old savings and loan, the state's largest independently operating S&L, was a model for every other financial institution in the business of selling mortgages. Its favorite product was the plain-vanilla mortgage, a fixed-rate, 30-year model for single-family, owner-occupied houses. Its favorite customer was the first-time buyer -- young couples weaned on the American Dream. ComFed's loan originators, many of whom weren't long out of high school, were the envy of the industry, easily commandi...
HighBeam Research, Free Preview: 'S & L TROUBLE LOWELL THRIFT COMFED OPERATES IN THE SHADOW OF BAD DEBTS AND A US PROBE OF POSSIBLE FRAUD'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
