Magazine Acquisition Buys Town & Country Real Estate Trust
Magazine Acquisition GP LLC has agreed to pay $40.20 a share for the Town & Country Trust (TCT), ending a bidding war for control of the multifamily real estate investment trust.
Business & Finance
Scotiabank to Buy Mortgage Business From Maple Financial Group
Canada’s second largest financial institution, the Bank of Nova Scotia, is planning to purchase the mortgage business of Toronto-based Maple Financial Group Inc., bank executives revealed yesterday.
Freddie Mac Mortgage Rates Edge Upwards
The cost of financing a home continues on its gradual ascent, as Freddie Mac 30-year mortgage rates edge upwards from 6.23% to 6.24%, in the third increase in under a month.