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How community banks can help young homebuyers

Independent Banker

Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. The community bank also hopes to participate in a new tax-exempt savings program for first-time homebuyers that was approved by the state of Michigan in April. So how can community banks help?

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Listen Up: Best PYMNTS Podcasts Of 2018

PYMNTS

No, think of them as miniature seminars. Enjoy these little seminars about the world of payments and commerce, and review at your leisure. A good education on this online retail trend — an education backed by original data — comes from Azita Habibi, business development lead at Braintree , a payments services firm owned by PayPal.

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Reverse Trend

Independent Banker

billion in assets and operates 60 retail locations, is licensed to originate reverse mortgages in most of the United States. More of the bank’s retail loan staff members also are being trained to start the reverse mortgage application process. FirstBank, which has $2.3 The bank closes 35 to 45 reverse mortgages each month.

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