The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown.
Obtaining an affordable mortgage is an art, not a science – especially for first-time buyers – and is just as important as finding an affordable house.
A multi-tenanted commercial property in West Haven has sold to an LLC controlled by a pair of investors.
In an attempt to diversify its ranks, Coldwell Banker announced Tuesday that it was eliminating initial franchise fees charged to agents setting up a new brokerage.
Universal Supply, a division of leading national building products distributor US LBM, has opened a new location in Newington.
A plan to upgrade the port of New London so it can become a staging area for the offshore wind industry has been approved.
Wells Fargo has appointed several new business leaders and made changes designed to create a flatter organizational structure, providing leaders with clear authority, accountability and responsibility.
The Simon Property Group will buy mall operator Taubman Realty in a deal valued at around $3.6 billion.
Liberty Bank executive and former Simsbury Bank president Martin Geitz has been elected chairman of the Federal Home Loan Bank of Boston’s board of directors.
Laura McConville has joined Glastonbury sales team at Berkshire Hathaway HomeServices New England Properties and will be working in conjunction with Bell Realty Group.
Linda Amplo has joined the Pearce Real Estate office in Guilford as a sales associate.
Springfield, Massachusetts-based Freedom Credit Union has expanded its field of membership to include Hartford and Tolland counties in Connecticut. These counties join the current membership of four western Massachusetts counties.
Berkshire Bank has filed a lawsuit in New York state Supreme Court against Pioneer Bank over a loan that defaulted following the collapse of a cloud-based payroll company.
Following a pair of leases, a 51,200-square-foot industrial building has fully leased.
A trio of Hartford-area hotels is in line for upgrades following their sale to a Chicago-based hotel investment and management company.
Gov. Ned Lamont wants to double down on transit-oriented development in Connecticut.
The federal government has awarded $4.6 million in funding to build homes for low-income seniors in Connecticut, officials said Friday.
To help the state shrink its carbon footprint – nearly 40 percent of which is made up of emissions from commercial buildings’ HVAC systems and other energy use – Gov. Ned Lamont is asking the state legislature to let cities and towns adopt “green” building codes.
Gov. Ned Lamont welcomed state lawmakers back to the Capitol with a pep talk on Wednesday, touting an improved economy, a more stable state budget and an uptick in economic development.