Mortgage application activity slowed during the week ending March 27 amid a steep decline in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, fell by 10.4% on...
The Georgia Senate has passed a bill that will reduce homeowner property taxes by creating a new sales tax. WABE reports the Senate’s measure was amended on House Bill 1116, which proposed a cap on property tax valuation increases. The Senate’s proposal creates...
NFL Commissioner Roger Goodell has warned the Chicago Bears to make up their mind on where they intend to build a new stadium. The Chicago Sun-Times reports Goodell expressed impatience with the team during his NFL annual news conference. “They need to find a solution...
The New York City-based global alternative asset manager Apollo (NYSE: APO) announced that Apollo-managed funds have acquired Gatehouse Living Group (GLG), a vertically integrated UK residential investment and management platform, from Gatehouse Bank. The financial...
The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 41 basis points (bps) to 7.55% in March, according to new data from Trepp Inc. One year ago, the CMBS delinquency rate was 6.65%. “The five largest newly delinquent loans accounted for...
Apartment rents inched up slightly in March with the national average rising to $1,723, a 0.2% uptick from February’s upwardly revised level of $1,719. According to Apartments.com, an online marketplace of CoStar Group (NASDAQ: CSGP), February marked the fourth...
