Knowledge Library

The First Two Months of TRID: The Good, the Bad and the Opportunities

Exactly two months into TRID, three things are clear: Transactions are still closing on time and with less angst than feared. The educated consumer is on the rise, asking the real estate professional more and better questions. TRID can help attorneys, loan officers and real...

Nazi-Era Restrictions Still Block Long Island Home Purchases: What You Need to Know

We all love a real estate story with implications that seem too strange to be true, and we recently came across one on Long Island that has it all: serious present day real estate issues in New York rooted in World War II and Nazi-driven...

Jumbo Changes for Jumbo Mortgages

Jumbo mortgage products have been in the headlines recently because of both a dramatic adjustment to credit standards and the probable increase in baseline jumbo loan thresholds. Jumbo lending has picked up velocity in markets where home prices are increasing and pushing more loans across the jumbo...

Zombie Properties: Easy to spot, hard to kill and sucking the life out of properties around them

They may not be as terrifying as their horror-flick namesakes, but zombie homes—abandoned houses stuck in foreclosure with no owner living on site and no one taking care of the property—are terrifying enough to those who live or own property nearby. The abandoned houses drag...

TRID and the Law of Unintended Consequences

With the CFPB’s latest delay of the TRID implementation date (this time to October 3rd), real estate practitioners have two extra months to plan and two extra months to worry about what the new world of transactional real estate will look like under the new...

Can $120 million buy a new Department of Buildings?

The New York City Department of Buildings (DoB) permitting process can seem like a very special circle of hell: slow, excruciating, expensive, inefficient, opaque and sometimes completely corrupt.  Now we get to see if $120 million of additional funding and 320 new staff members can...