HDC Approves $8,000,000 for the Rehabilitation of Senior Housing in Brooklyn “Sons of Italy...

NEW YORK, N.Y., December 10, 2008 - (RealEstateRama) – The New York City Housing Development Corporation (HDC), has approved the issuance of $8,000,000 in tax-exempt...

New York’s REALTORS urge action on property tax relief

Albany, NY - December 1, 2008 - (RealEstateRama) – New York State faces unprecedented fiscal challenges, which require unprecedented actions. The gimmicks and other temporary, non-structural...

Governor Paterson Accepts Final Report From Commission On Property Tax Relief

Albany, NY - December 1, 2008 - (RealEstateRama) – Governor David A. Paterson today accepted the final report of the Commission on Property Tax...

HDC ANNOUNCES $160,000,000 FOR NATIONS FIRST “RECYCLED” BOND ISSUANCE

NEW YORK, NY., October 31, 2008 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) today announced it has approved the issuance...

DEFENDANT INDICTED IN $20 MILLION MORTGAGE FRAUD SCHEME

BROOKLYN, N.Y. - October 27, 2008 - (RealEstateRama) — An indictment was unsealed this afternoon in Brooklyn federal court charging Osmond Decoteau, 48, with wire fraud...

MORTGAGE BROKER PLEADS GUILTY IN MULTIMILLION DOLLAR MORTGAGE FRAUD SCHEME

New York, NY - October 23, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York,...

State DHCR Issues Housing Needs Study for Mid-Hudson Region

Albany, NY - October 25, 2008 - (RealEstateRama) —  The State Division of Housing and Community Renewal (DHCR) has released a report on the...

THREE PLEAD GUILTY IN MULTIMILLION DOLLAR MORTGAGE FRAUD SCHEME

New York, NY - October 11, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York,...

LEADER OF FORECLOSURE RESCUE SCHEME SENTENCED TO 10 YEARS IN PRISON

New York, NY - October 6, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York,...

SCHUMER ANNOUNCES SENATE PASSAGE OF ESSENTIAL RESEARCH AND DEVELOPMENT TAX BREAK THAT WILL PROVIDE...

Washington, DC - September 24, 2008 - (RealEstateRama) — U.S. Senator Charles E. Schumer today announced that a bill to renew the research and...

Star Rebate Check Mailing Starts September 29 No Applications This Year For Most Homeowners

Albany, NY - September 12, 2008 - (RealEstateRama) — New York State Department of Taxation and Finance Commissioner Robert L. Megna announced today that...

Governor Paterson announces hearings statewide on property tax relief

Albany, NY - September 04, 2008 - (RealEstateRama) — Governor David A. Paterson and Nassau County Executive Thomas R. Suozzi today announced a series...

Debt Obligations Were Backed by Fixed-Income Assets, Including Subprime Mortgages

Brooklyn, NY - September 3, 2008 - (RealEstateRama) — A superseding indictment was unsealed today in federal court in Brooklyn charging JULIAN TZOLOV and...

SEC Charges Two Wall Street Brokers in $1 Billion Subprime-Related Auction Rate Securities Fraud

September 3, 2008 - (RealEstateRama) — The Securities and Exchange Commission today charged two Wall Street brokers with defrauding their customers when making more...

“Circuit Breaker” Legislation Provides $1.7 Billion In Property Tax Relief

New York, NY - August 19, 2008 - (RealEstateRama) — Taking strong action to address a flagging state economy and impending budget deficits, Assembly...

New York REALTORS hail new law to protect earned real estate commissions

Albany, NY - August 8, 2008 - (RealEstateRama) — New York’s REALTORS today applaud Gov.  David Paterson for signing into law a long overdue measure to...

Measure signed into law to prohibit all sex offenders from real estate licensure

Albany, NY - August 7, 2008 - (RealEstateRama) — New York’s REALTORS® today commend Gov. David Paterson for signing a measure into law that will preclude...

Cuomo announces agreement with Western NY real estate management company for violating fair housing...

BUFFALO, N.Y. - August 4, 2008 - (RealEstateRama) — Attorney General Andrew M. Cuomo today announced his office has stopped a Western New York real...

PRESIDENT OF REAL ESTATE INVESTMENT FIRM SENTENCED TO 135 MONTHS IN PRISON FOR $22...

New York, NY - August 7, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York,...

Cuomo: Former Haitian Paramilitary Strongman Found Guilty In Massive Mortgage Fraud Scheme

BROOKLYN, NY - July 25, 2008 - (RealEstateRama) — Attorney General Andrew M. Cuomo today announced that former Haitian strongman Emmanuel Constant has been found...

New York REALTORS urge legislators to return to Albany; pass school tax cap

Albany, NY - July 17, 2008 - (RealEstateRama) — Today, New York’s 62,000 REALTORS call upon their representatives in the state Legislature to return to Albany...

Two Senior Managers of Failed Bear Stearns Hedge Funds Indicted Today in Separate Mortgage-Related...

WASHINGTON – The Department of Justice and Federal Bureau of Investigation (FBI) announced today a national takedown of mortgage fraud schemes, the culmination of...

Housing Development Corp. Issues $225,000,000 in Bonds for 2,846 Units of Affordable Housing

NEW YORK, N.Y., June 11th, 2008 – The New York City Housing Development Corporation (HDC) issued $225,000,000 of tax-exempt and taxable Multi-Family Housing Revenue Bonds...

Governor Introduces Legislation To Cap Property Taxes

After receiving the preliminary report of the New York State Commission on Property Tax Relief, Governor David A. Paterson announced today that he is...

LEADER OF FORECLOSURE RESCUE SCHEME AND MORTGAGE BROKER PLEAD GUILTY TO MULTIMILLION DOLLAR FRAUD

MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that MAURICE McDOWALL and ALEKSANDER LIPKIN, a/k/a "Alex," pleaded...