News Flash

he residence of one of New York City’s most notable yet elusive celebrities is now on the market—for the first time in 63 years
Greta Garbo’s NYC Residence is Listed at $5.95M
The residence of one of New York City’s most notable yet elusive celebrities is now on the market—for the first time in 63 years.   According to a New York Times report, the seven-room co-op that was the home of movie icon Greta Garbo from... Read more
A coalition of advocacy and housing groups has sent a letter to Mel Watt
New Warning on Potential GSE Capital Buffer
A coalition of advocacy and housing groups has sent a letter to Mel Watt, director of the Federal Housing Finance Agency (FHFA), and Treasury Secretary Steven Mnuchin expressing concerns about the declining capital buffer at Fannie Mae and... Read more
Columbus, Ohio-based Huntington Bank announced it is has allocated $150 million to the Ohio Capital Corporation for Housing (OCCH) for the creation of affordable housing options for low- to moderate-income Ohio residents
Huntington Bank Targets $150M for Ohio Affordable Housing
Columbus, Ohio-based Huntington Bank announced it is has allocated $150 million to the Ohio Capital Corporation for Housing (OCCH) for the creation of affordable housing options for low- to moderate-income Ohio residents.   This new... Read more
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications
Mortgage Loan Defects on the Rise
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 4.1 percent from January to February, according to the latest Loan Application Defect Index data from First... Read more
Winter 2017 home sales remained strong during February in New York State, with the 7,391 closings representing the second highest total for the month, according to the housing market report released by the New York State Association of REALTORS (NYSAR)
NY Home Sales Hit Second Highest February Total
Winter 2017 home sales remained strong during February in New York State, with the 7,391 closings representing the second highest total for the month, according to the housing market report released by the New York State Association of... Read more
The Brill Building, one of New York City’s most culturally significant commercial properties, was foreclosed upon by Brookfield Properties
NYC’s Brill Building Seized in Foreclosure
The Brill Building, one of New York City’s most culturally significant commercial properties, was foreclosed upon by Brookfield Properties, which held a mezzanine loan on the historic structure.   According to a Crain’s New York report,... Read more
The Federal Housing Finance Agency (FHFA) updated its plans to implement its Single Security and the Common Securitization Platform (CSP) by announcing the Release 2 phase of the process
FHFA Announces Update on CSP Process
The Federal Housing Finance Agency (FHFA) updated its plans to implement its Single Security and the Common Securitization Platform (CSP) by announcing the Release 2 phase of the process will take place during the second quarter of 2019... Read more
The Consumer Financial Protection Bureau (CFPB) charged the credit reporting agency Experian and its subsidiaries for “deceiving consumers”
CFPB Fines Experian $3M Over Deceptive Marketing
The Consumer Financial Protection Bureau (CFPB) charged the credit reporting agency Experian and its subsidiaries for “deceiving consumers” on how to use its credit scores and fined the company $3 million.   The CFPB stated that Experian... Read more
When living in the world’s financial center capitals, it helps immeasurably to have plenty of money to pay for rental properties
The Most Expensive Financial Center Rent Is …
When living in the world’s financial center capitals, it helps immeasurably to have plenty of money to pay for rental properties. And according to a new survey from RENTCafé, three U.S. financial centers have the world’s highest rents.  ... Read more
There was more good news than not-so-great news to be culled from the morning’s housing data
Home Sales and Values Up, Mortgage Rates Down
There was more good news than not-so-great news to be culled from the morning’s housing data.   First, the good news: Sales of new single-family houses during February were at a seasonally adjusted annual rate of 592,000, according to... Read more