Utah-based M3 Funds, an investment management firm focused on the United States bank and thrift sector, has taken a 5.13 percent stake in Putnam Bank, according to a recent regulatory filing.
Robin Equity LLC recently acquired a 50,666-square-foot industrial building in Orange.
Mortgage applications increased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2017.
A new group has been formed to support progressive female candidates in Connecticut.
As the price of Bitcoin sky rockets, credit unions are plunging deeper into the world of crypto-currencies, with the belief that investing in the block chain technology may pay off in the long run.
U.S. homeowners with mortgages – roughly 63 percent of all homeowners – have collectively seen their equity increase 11.8 percent year over year a gain of $870.6 billion since the third quarter of 2016, according to a new home equity analysis from CoreLogic.
Gov. Dannel P. Malloy sounded the alarm Thursday about the projected insolvency of Connecticut’s transportation account, warning the state soon may not have the money it needs to pay for many planned road and bridge improvement projects.
Shares of LendingClub continued to perform poorly yesterday, falling more than 22 percent and reaching $3.29 at one point, an all time low for the online lender, according to Reuters.
D&A Construction Management Inc. has leased 4,000 square feet in North Branford.
Hartford’s well-documented economic struggles initially discouraged Adam Stark from investing in the capitol city when looking to make his first Connecticut acquisition outside Fairfield County.
The biggest winners in the Senate’s proposed Dodd-Frank relief bill would be banks that have not yet crossed the $50 billion threshold, and not yet incurred the additional compliance costs that accompany that threshold.
Connecticut currently has the highest unemployment rate in New England at 4.5 percent, with that number expected to increase to 5.7 percent by 2021, according to projections given at the New England Economic Partnership’s economic outlook conference in November.
In its annual diversity report, Redfin reports having made a slight gain in gender diversity and modest gains in racial diversity in 2017. The company said successful pilot programs designed to increase diversity will be rolled out company-wide next year and are expected to hasten the pace of increasing diversity.
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.6 points in November to 87.8, once again nearing its all-time high from September, according to Fannie Mae.
This week’s survey reflects last week’s uptick in long-term interest rates, with the 30-year fixed mortgage rate up 4 basis points to 3.94 percent. The 30-year mortgage rate has been bouncing around in a 10 basis point range since September.
Gerry Amodio is a self-described “New Britain lifer,” but it wasn’t until 2010 that his passion for supporting the community became a fulltime job. He sold his family moving and storage business to take on the leadership of the New Britain Downtown District, which collects a property tax surcharge from 85 owners of 112 properties for police patrols, community events and placemaking. The city has seen a rebound in private investment in recent years, as developers focus on building multifamily housing in the downtown core with such projects as the $58 million Columbus Commons complex.
Whether you already own a home or are thinking of purchasing, the new tax legislation pending before Congress poses serious questions: Am I going to get smacked with punitive new taxes? Will the value of my home decrease because previous real estate tax benefits have been stripped away? Or am I one of the lucky ones, well insulated against big losses?
Single-family home sales in Connecticut jumped 3.8 percent in October compared to October 2016, according to the latest report from The Warren Group, publisher of The Commercial Record.
Payrailz, a Glastonbury-based digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions, has raked in $6.1 million from a group of investors including Webster Bank, the company announced earlier this week.
A Massachusetts company that for nearly 140 years has supplied the paper used to make U.S. currency has been sold for $800 million to a similarly-named Connecticut company.
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