Industry News

Multifamily Lending Up In 2017

Multifamily lending was up 8 percent year over year in 2016, with nearly 3,000 different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the Mortgage Bankers Association.

Malloy Announces Connecticut’s Submission For Amazon

Gov. Dannel P. Malloy and Connecticut Department of Economic and Community Development (DECD) Commissioner Catherine Smith recently unveiled the state’s proposal for Amazon’s second headquarters, which includes sites in the Hartford and Stamford regions.

Report: Connecticut Loses 2K Jobs In September

New figures show Connecticut lost 2,000 jobs in September, capping what’s been a slow third quarter for job growth. Thursday’s Department of Labor monthly employment report also shows the agency revised its initial August numbers from 3,900 jobs lost to 4,200. Meanwhile, the state’s unemployment rate fell by two-tenths of a percentage point to...
Remodeling Spending Expected To Continue To Increase

Remodeling Spending Expected To Continue To Increase

Nationwide spending on residential remodeling is expected to continue to increase through the third quarter of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Shop Around For Title Insurance

Shop Around For Title Insurance

A recent legal settlement between the federal government and a title insurance agency is drawing fresh attention to one of the murkiest, least understood and most expensive items you get charged for in a real estate closing: title insurance.

Builders Blame Government For Construction Slowdown

Builders Blame Government For Construction Slowdown

Turns out there’s a bright side to Connecticut’s fragile housing recovery. While the National Association of Realtors warns brokers and agents to expect to see their commissions drop, high inventory and low prices will keep those drops in check for Nutmeg State Realtors.

Redesigning Schools For Collaboration

Redesigning Schools For Collaboration

Lecture halls and traditional classrooms are falling out of favor, providing the impetus for a wave of school building projects designed to accommodate flexible learning styles.

The Future Of Rate Caps Shifts To Flat Fees

The Future Of Rate Caps Shifts To Flat Fees

Commercial real estate owners looking to hedge interest rate risk are often asked to purchase derivatives and other financial products blindly. Rather than receiving transparency, borrowers are simply handed an invoice that they are forced to pay. Unarmed to properly price hedging products and their service providers, owners overpay for many over-the-counter products.

Loan Growth A Zero-Sum Game

Loan Growth A Zero-Sum Game

With two large corporations heading to Boston, a shrinking population and no state budget for at least the first three months of this fiscal year, all parts of Connecticut’s economy may have trouble generating new growth.

Webster Bank Passes 2017 Dodd-Frank Stress Test

Webster Bank Passes 2017 Dodd-Frank Stress Test

The capital ratios of Webster Financial Corp. and its $26 billion asset subsidiary, Webster Bank, would exceed regulatory minimums during a severely adverse economic time period, according to the company’s latest Dodd-Frank stress test results.

Fannie Mae’s Economic Forecast Unchanged By Hurricanes

The 2017 economic growth forecast remains unchanged at 2.2 percent following expected offsetting hurricane-related impacts to GDP growth in the third and fourth quarters, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s October 2017 Economic and Housing Outlook.