ICE: Tappable Homeowner Equity at All-Time High
Total and tappable homeowner equity set new records in June, lowering overall market leverage even though outstanding mortgage debt is at an all-time high, according to a new report
NMHC: Apartment Debt Financing and Deal Flow Improves
Apartment market conditions are more favorable in terms of debt financing and sales volume, but equity financing continues to be less available than prior quarters amid continued high interest rates, according to the National Multifamily Housing Council’s Quarterly...
New Haven Office Building Sold for Single-Family Conversation
A 3-story office building at 400 Orange Street in New Haven was recently sold for $1.12 million
Consumer Protection Concerns Prompt Criteria for Buyer Representation Agreements
After causing a stir with sharp criticisms of existing buyer-broker representation agreements, the Consumer Federation of America has released its proposed for criteria brokers can use to make sure their contracts are fair.
Webster Bank Picks Ex-First Republic Exec as New CFO
Webster Bank announced yesterday it had appointed William Holland as its next chief financial officer and the new executive vice president of finance for its holding company.
Despite Push to Shrink Exposure, Banks Face Growing CRE Risk, Moody’s Warns
Prolonged high interest rates may drive credit risk at banks with high commercial real estate exposures, according to a new survey by Moody’s.
Hartford Has Nation’s Fastest-Growing Apartment Rents
The fastest growing rents are in unexpected places, according to a Zillow press release. Rents are most expensive in large coastal markets such as New York, San Jose and Boston, but are growing fastest in more affordable markets in the Northeast and Midwest.
First County Bank Appoints Chief Risk Officer
First County Bank recently appointed Christopher Hayden as its new senior vice president and chief risk officer. Hayden will be responsible for the company’s enterprise and regulatory risk management functions.
Liberty Bank Wins Double Gold at NEFMA Awards
East Cambridge Savings Bank and Middletown, Connecticut-based Liberty Bank both won two gold awards, more than any other financial institution this year.
Online-Only Banks Experience Decrease in Customer Satisfaction
A recent analysis by J.D. Power reveals an overall decline in customer satisfaction for online-only banks due to issues with customer service and efficient problem resolution.
