Mortgage Tag

Another residential loan wave swells in NYC

The Real Deal. Written by E.B. Solomont.

Another residential loan wave swells in NYC As all-cash buyers disappear, banks have a wider net of borrowers to choose from — and the deals are getting bigger and bigger Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino...

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...

Buying Property from Nonprofits

In today’s competitive New York real estate market, buyers are looking for any possible edge. Developers and investors are speaking with nearly every owner of underutilized property, including nonprofits and religious organizations. But completing a transaction with a nonprofit or religious organization is difficult, and...