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.
Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 13. The week’s results included an adjustment for the Columbus Day holiday.
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.
Horizons at Greens Farm Academy (GFA) is moving into the third-floor offices at 1057 Broad St. in Bridgeport.
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.
Berkshire Bank announced the opening of its newest branch in Farmington, bringing the number of Berkshire Bank locations in Connecticut to eight.
Stamford-based William Pitt and Julia B. Fee Sotheby’s International Realty has announced an exclusive alliance with Japan news publication Nikkei through the end of 2017.
Eric Bennett has been selected as the branch manager of Savings Institute Bank & Trust’s Hebron location.
Rates came down slightly this week, ending a brief, two-week streak of increases.
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.
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.
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.
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.
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.
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.
CT Snack, a distributor of Wise Potato chip products, Cape Cod Deep River and Trophy brands, recently leased warehouse space in Milford.
A hedge fund owner’s bid to hold the government responsible for an FBI raid that he says ruined his business was lost Tuesday when a federal appeals court rejected his lawsuit.
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.
Connecticut officials have launched an investigation into allegations of market power abuse by two of the state’s largest energy providers.
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