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The Real Deal New York
Here’s why Scott Stringer wants to nix the mortgage recording tax
November 29, 2018 02:00PM
New York City Comptroller Scott Stringer wants to boost affordable housing in New York City by getting rid of the mortgage recording tax and...
Welcome to the wild world of private citizens buying bad mortgages
November 21, 2018 09:45AM
Homeowners who had long stopped paying their mortgages are meeting a new type of debt collector: complete strangers who buy their mortgages, sometimes for...
Cooling trend could end up boding well for home buyers
November 16, 2018 02:00PM
Kenneth R. Harney
Don’t call it a “buyer’s market.” Don’t call it a “correction.” But the fact is that a sobering change is taking shape in the...
Lower credit scores, higher debt ratios opening opportunities for new home buyers
August 31, 2018 09:00AM
Kenneth R. Harney
Is it easier today for home buyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been...
Acuity Capital secures $95M loan for UWS rental building
August 03, 2018 09:30AM
Acuity Capital secured a $95 million mortgage for Upper West Side rental building The Greystone. The property, located at 212 West 91st Street at...
Nonbank lenders are cashing in on government-insured mortgages for the poor
May 24, 2018 12:30PM
Independent mortgage companies are making almost half of new home loans in the U.S., mirroring lending practices from the subprime crisis. Nonbanks, more loosely...
America’s biggest mortgage lender is making it easier for millennials to buy their first home
July 08, 2017 10:00AM
In the housing bubble, just about anyone who could apply for a mortgage was able to get one. A decade after the crash, the largest...
Cash isn’t the only way for offshore buyers of US real estate
September 02, 2016 01:30PM
If you’re a wealthy foreigner wanting to invest in the U.S. property market, producing the full pot of cold hard cash up front may...
AIG sells mortgage-insurance unit to Arch Capital for $3.4B
August 16, 2016 11:06AM
American International Group has reached a deal to spin off its mortgage-insurance unit and sell it to Bermuda-based Arch Capital Group for around $3.4...
Fannie Mae offers added flexibility to borrowers
November 13, 2015 11:00AM
For thousands of people across the country who thought they’d never qualify for a mortgage to buy a home, next month could be a...
The week in real estate market reports
June 03, 2015 04:05PM
The latest batch of reports from around the industry found that pending home sales hit a nine-year high in April and average wages for...
Mortgage lending plummets to lowest level in 13 years
November 26, 2014 09:00AM
Mortgage lending fell to its lowest level in 13 years for the year ending in September.
Mortgage lending rules so strict, even Bernanke can’t refinance
October 03, 2014 09:00AM
In the old days, Ben Bernanke would have walked into his local bank, talked to a loan officer and — given his position as chairman...
Minority borrowing hits 14-year low
September 28, 2014 05:00PM
The share of mortgages lent to minority borrowers has fallen to at least a 14-year low, according to federal data.
Renting more expensive than buying in most US metro areas
September 02, 2014 08:00AM
Buying is becoming a better bargain than renting in many metropolitan areas in the U.S., according to a new report. In 94 of the...
Attorney general goes after NY loan modification firm
August 27, 2014 06:00PM
Home Affordable Direct, a Farmingdale, N.Y., firm, is facing allegations by New York State Attorney General Eric Schneiderman that it defrauded struggling homeowners in...
Former HUD secretary buys Boerum Hill carriage house
Knotel expands in Manhattan with a new lease at 61 Broadway
Co-working firm Industrious signs three Manhattan leases
Former KKR exec sells Soho condo at a loss
Parkoff Organization closes on 6-building multifamily portfolio
January 2019 issue
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