TARP report finds fault with loan modification program
A report released by the Treasury Department’s Troubled Asset Relief Program reveals that its mortgage modification program appears to...
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Milsteins spend $200M over three years to keep Emigrant Savings Bank afloat
Howard Milstein, head of Milstein Properties Howard Milstein, head of Milstein PropertiesEmigrant Savings Bank, the struggling Milstein-owned institution and...
No. 7 subway extension is shovel-ready, real estate leaders say
The city’s real estate industry is lobbying for federal stimulus money for the cash-strapped No. 7 subway extension, calling...
Citi suspends foreclosures during holidays, raises funds to exit TARP
Citigroup announced today that it will suspend foreclosure sales and distribution of foreclosure notices between Dec. 18 and Jan.17,...
Workers underpaid at East Harlem stimulus-supported construction sites, claims say
East Harlem construction workers at the nation’s first housing development to be built with federal stimulus money have been...
Interest in TALF cool for now
CBRE’s Enoch Lawrence (left) and Sam Chandan of Real Estate Econometrics In a sign of how troubled the market for bonds backed by commercial real estate may be, and by extension, the future of...