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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

Building developers are optimistic they can overcome many of the challenges. The National Association of Home Builders’ (NAHB) monthly sentiment index rose three points in November, to 83 on a scale of 1-100. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans.

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