Until 2007, few Americans had probably heard the word "subprime" − including many homeowners who would come to learn that their own mortgage was a subprime mortgage. Today, subprime mortgages are much discussed because they lie at the center of the turmoil that roiled credit markets in 2007 and 2008.

Complete Report (1.4MB)

Contents

• Letter from the President
• Bank Mission
• Tribute: Cathy E. Minehan
• Feature Essay:
  Subprime Outcomes: Turmoil in the Mortgage Market
  
• 2007 Bank Highlights
• The Bank in the Community
• Board of Directors
• Senior Officers
• New England Advisory Council
• Community Development Advisory Council
• Financial Statements
• Officers