HDC Approves $45 million for Future Mixed-Income Development -185 rental units in East Harlem

New York, N.Y., June 11th, 2008 – The New York City Housing Development Corporation (“HDC”) today approved up to $45 million in tax-exempt bonds...

SONYMA Creates “Community Housing Trust Initiative” to Help Land Trusts Maintain Affordable HomesMay

NEW YORK—Wednesday, June 4, 2008—The State of New York Mortgage Agency (SONYMA) today announced the creation of its “Community Housing Trust Initiative.”  This innovative...

State of New York Mortgage Agency Partners With With DHCR, HUD and Public Housing...

NEW YORK - Monday, June 9, 2008 - The State of New York Mortgage Agency (SONYMA) today announced that it is partnering with the...

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...

SONYMA Increases Maximum Purchase Price for Low Cost Mortgages in New York City and...

NEW YORK - May 20, 2008 - The State of New York Mortgage Agency (SONYMA) today announced it is increasing the maximum purchase price...

ELEVEN DEFENDANTS INDICTED IN $14 MILLION MORTGAGE FRAUD SCHEME

NEW YORK – May 21, 2008 - An indictment was unsealed this morning in federal court in Brooklyn, N.Y., charging 11 defendants for their...

SONYMA Increases Maximum Purchase Price for Low Cost Mortgages in New York City and...

NEW YORK - May 20, 2008 - The State of New York Mortgage Agency (SONYMA) today announced it is increasing the maximum purchase price...

HALT Task Force Publishes Progress Report on Subprime Mortgage Crisis

New York, NY - May 11, 2008 - Superintendent of Banks, Richard H. Neiman, today delivered a report to update Governor David A. Paterson...

New York Superintendent of Banks, Richard H. Neiman, Revokes JMF Funding Inc.’s Mortgage Broker...

New York, NY - May 6, 2008 - New York Superintendent of Banks, Richard H. Neiman, today disclosed that after notice and hearing an...

OFHEO, NY ATTORNEY GENERAL, FANNIE MAE AND FREDDIE MAC SIGN AGREEMENTS TO COMBAT APPRAISAL...

Washington, DC – OFHEO Director James B. Lockhart announced agreements with OFHEO, New York State Attorney General Andrew Cuomo, Fannie Mae and Freddie Mac...

Franklin Credit Management Enters Into Debt Restructuring With Lead Lending Bank

NEW YORK, Jan. 3 /PRNewswire-FirstCall/ -- Franklin Credit Management Corporation (Nasdaq: FCMC), a specialty consumer finance company primarily engaged in the servicing and resolution...

Governor Spitzer And Attorney General Cuomo Announce More Than 13,000 New Yorkers To Receive...

Payments Stem from Ameriquest Mortgage Co.’s Restitution Agreement New York, NY - December 24, 2007 - Governor Eliot Spitzer and Attorney General Andrew M....

New York’s “Keep the Dream” Program Expanded to Reach More Homeowners With Risky Mortgages

NEW YORK - December 13, 2007 - The State of New York Mortgage Agency (SONYMA) is taking several steps to make its “Keep the Dream”...

SONYMA Approves $20 Million to Extend “Homes for Veterans” and “Closing Cost Assistance Loan”...

NEW YORK - December 13, 2007 - The State of New York Mortgage Agency (SONYMA) today allocated $20 million to extend the Homes for...

Six Charged In Multimillion Dollar “Foreclosure Rescue” Scheme

New York - December 3, 2007 - MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, ANDREW CUOMO, the Attorney...

New Not-For-Profit Organization Will Expand Legal Assistance, Loan Remediation and Education for At-Risk Homeowners

Mayor Michael R. Bloomberg and City Council Speaker Christine Quinn today announced a new not-for-profit organization, the Center for NYC Neighborhoods (CNYCN), to assist...

As Starrett Heads Back to the Auction Block, Elected Officials, Tenants and Advocates Call...

New York City, November 28, 2007 – Calling on the owners of Starrett City to do right by the taxpayers that subsidized the complex...

In Total, Over 160,000 Upstate New Yorkers are Trapped in Subprime Loans and Face...

Schumer Releases New County-by-County Report on how many New Yorkers May Have Been Hoodwinked into Subprime Mortgages Laden with Spiraling Interest Rates  WASHINGTON, DC -...

Thompson: 2,100 Homeowners Reach Out For Help To Save Their Homes

November 15, 2007 --  New York City Comptroller William C. Thompson, Jr. today announced that 2,100 individuals and families from across the tri-state region have...

HSBC Takes $3.4 Billion Charge

NEW YORK, Nov. 15, 2007 – Two investment banks said yesterday that they would take additional write-downs because of problems related to the housing market, according to...

LandAmerica To Present at the Credit Suisse Insurance and Asset Management Conference 2007

RICHMOND, Va., Nov. 12 /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. (NYSE: LFG), Fortune magazine's number one Most Admired Company in the mortgage services industry,...

HALT Task Force Expands Efforts to Address Subprime Lending Crisis

Governor Eliot Spitzer today met with Attorney General Andrew Cuomo and members of the Governor's Halt Abusive Lending Transactions (HALT) Task Force to address...

Bankrate: Mortgage Rates Nudge Higher

NEW YORK, Nov. 8 /PRNewswire-FirstCall/ -- Mortgage rates moved up this week, with the average conforming 30-year fixed mortgage rate now 6.34 percent. According...

Thompson Launches “Save Our Homes” Initiative To Address Subprime Crisis In New York City

October 30, 2007 -- Flanked by several of the city’s top labor and religious leaders, New York City Comptroller William C. Thompson, Jr. today...

MFA Mortgage Investments, Inc. Announces Public Offering of Common Stock

NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- MFA Mortgage Investments, Inc. (NYSE: MFA) announced today it plans to make a public offering of 15,000,000 shares...