Banking & Finance

Hidden Oaks at Siegen apartment complex sells to New York company for $39.5M

Apartment complex Hidden Oaks at Siegen has been sold to a New York state real estate investment firm for $39.5 million, according to documents with the Louisiana Secretary of State's office.

Legislature planning to take action on homeowner insurance crisis 

Unlike what Florida lawmakers are planning for later this month, there will not be a special legislative session to address Louisiana’s growing homeowner insurance crisis. 

Roundup: Inflation tracker / Entergy donation / End of the Lane  

Still elevated: A measure of inflation that is closely monitored by the Federal Reserve...

Baton Rouge-area home prices predicted to rise 7.1% in 2023

Home prices in the Baton Rouge area are predicted to rise 7.1% next year due to an expected 5.1% decline in the number of closed sales, according to a recent report from Realtor.com.

PAR commentary: State should avoid using trust fund to cover budget shortfalls 

Louisiana has quietly poured more than $1 billion in higher-than-usual business tax collections into...

Fannie Mae and Freddie Mac to back mortgages topping $1M in high-cost areas 

For the first time, the federal government is going to start backstopping mortgages of more than $1 million in high-cost housing markets like California and New York.  
- Advertisement -

Former Hancock Whitney branch on Industriplex sells for $800,000

Hancock Whitney Bank's former branch on Industriplex Boulevard has sold for $800,000, according to documents filed with the East Baton Rouge Parish Clerk of Court's office.

Is the US really careening toward a recession? 

The overwhelming view among economists and Fed watchers is that the country is barreling toward a recession, The Washington Post reports. 

Do incentive systems encourage bad behavior on the part of employees?

In 2020, Wells Fargo paid $3 billion to settle claims that employees had committed...

More US homebuyers turning to adjustable rate mortgages

Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years.