Tuesday, August 26th, 2008
Communities Become Home Buyers to Fight Decay
Several big cities are using tax dollars and private funds to buy and refurbish foreclosed properties to help declining neighborhoods survive.
Archive for the 'Banks and Banking' Category
Monday, August 4th, 2008
Housing Lenders Fear Bigger Wave of Loan Defaults
Homeowners with good credit are falling behind on their payments in growing numbers, just as the problems with subprime mortgages are leveling off.
Wednesday, July 23rd, 2008
Building’s Sale at a Loss Reflects Market Travails
The office building at 1372 Broadway is changing hands at a loss of $41 million compared to its sales price a year ago.
Sunday, July 13th, 2008
Mortgages: Cuomo Steps Into Mortgage Crisis
Attorney General Andrew M. Cuomo struck a deal with Fannie Mae and Freddie Mac that means that they cannot buy a mortgage from a lender unless the home has been evaluated by an independent appraiser.
Sunday, July 13th, 2008
Rich, but Rejected
With bonus money uncertain, Wall Street types are finding it much tougher to get mortgages and co-op approval.
Saturday, June 28th, 2008
No Mortgage? Try Theirs
The developers of Fitzgerald, a new condominium development carved out of a prewar warehouse on West 117th Street in Harlem, have decided they will issue mortgages directly to buyers.
Saturday, May 17th, 2008
Mortgages: Lenders Raise the Bar
A survey of mortgage lenders found that standards were significantly tighter in April than they had been in January.
Friday, May 2nd, 2008
Mortgages: Looser Rules for Federal Help
The Federal Housing Administration will relax the requirements for a government program to assist borrowers coping with adjustable-rate mortgages.
