Mortgage market molasses

While NYC residential lending is loosening in some corners, the industry is moving slowly in its recovery

TRD New York /
Jan.January 25, 2012 10:30 AM

From the January issue: The debt crisis may be rocking Europe’s economy, but in a strange twist, it’s actually had something of a positive effect on New York City’s mortgage market — at least for now.

In this month’s Q&A, The Real Deal talked to mortgage brokers and mortgage experts, who said that investors are pouring capital into U.S. Treasurys, which is, in turn, helping to keep mortgage rates low and attractive to buyers. Of course, the turmoil in the global economy is not all good news. It is, of course, also rattling buyers’ confidence. And the mortgage industry is still depressed compared to a few years ago, as evidenced by the fact that the mortgage industry itself employs a fraction of the people it once did. [more]


Related Articles

arrow_forward_ios
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

The Real Deal’s E.B. Solomont receives Front Page Award

SoftBank looks to take over WeWork, NYC investigates WeLive: Daily digest

SoftBank’s problem solver faces his biggest challenge yet: WeWork

Opendoor not looking to replace all agents — just some: CEO

The architect claims the design, construction and marketing of the tower rips off the design of a tower he planned and modeled for his thesis

Lawsuit over WTC design is whittled down

arrow_forward_ios