Texas

Development company NRP Group has sued the owner of the Lone Star Brewery for not refunding a $550,000 deposit after a deal to buy land for an apartment complex at the site fell through.

Hurricanes Harvey and Irma contributed to a surge in seriously delinquent mortgages in November.

Million-dollar home sales in North Texas are continuing to outpace the market.

As it rolls toward another potential record year, the Central Texas housing market remained on solid footing in November, with sales volume and the median home sale price both higher than a year ago.

PrimeLending is entering into an affiliated business arrangement with Dallas homebuilder Grand Homes that is expected to start producing loans in February.

It was like a scene from the pre-oil-bust housing boom: A steady stream of prospective buyers trekked through an open house last Saturday in a family neighborhood in northwest Houston. Their cars were parked up and down the block.

The company will pay $186 million for First Bank Lubbock in a deal that also includes mortgage unit PrimeWest Mortgage.

Early-stage mortgage delinquencies had their largest year-over-year gain during September in over eight years, a direct result of Hurricanes Harvey and Irma.

While the nationwide run-up in mortgage loan application defects appears to have slowed, instances of fraud remain on the rise in Texas and Florida.

A provision in the tax bill passed by the House of Representatives would only intensify the housing crunch by crippling affordable housing construction, developers and local government officials say.