The Wrap: JPMorgan lowers high-end mortgage requirements, Fraunces Tavern to undergo $600K of repairs … and more

1. Sandy-damaged Fraunces Tavern gets almost $600,000 for repairs [DNAinfo]
2. JPMorgan lowers high-end mortgage requirements [WSJ]
3. Prospect Park‘s forgotten corners to be renovated [NYT]
4. Shang Dai of Kuafu Properties talks Chinese investment [NYO]
5. Real estate accounts for 15 percent of China’s GDP, says Barclay’s [Bloomberg]
6. Plaza Hotel must keep its Citi Bike rack, court rules [AP]

– Ariel Stulberg