NY Attorney General Sues First American and its Subsidiary for Conspiring with Washington Mutual...

Washington Mutual (WaMu) Demanded Appraisers Who Inflated Property Values NEW YORK, NY (November 1, 2007) – Attorney General Andrew M. Cuomo today announced that he...

City Announces Development Team to Build Affordable Housing on NYCHA Properties in East Harlem

Phipps Houses and Urban Builders Collaborative to Develop Over 300 Affordable Apartments November 1, 2007 -- New York City Department of Housing Preservation and Development...

Amicos Plead Guilty in Connection With $60 Million Mortgage Fraud Conspiracy Case

ROCHESTER, N.Y., OCTOBER 4, 2007-- Robert J. Amico, age 45, and brother Richard N. Amico, age 36, pled guilty yesterday to charges in connection...

HUD’s Assisted Living Conversion Program Grants For NEW YORK

Bernardine Apartments, Phase VII to receive $3,754,850 WASHINGTON, October 31, 2007 - The Assisted Living Conversion Program grant funds will be used to continue the conversion of elderly...

Senator Clinton Urges HUD to Extend Asset Control Area Agreement for City of Rochester

Contract Allows City of Rochester to Address Community Development Strategies to Reflect Local Housing Needs Washington, DC, October 24, 2007 – Senator Hillary Rodham Clinton today...

Mayor Bloomberg Discusses Executive Order for City Agencies to Reduce Greenhouse Gas Emissions in...

The following is the text of Mayor Bloomberg's weekly radio address as prepared for delivery on 1010 WINS News Radio for Sunday, October 28,...

‘It’s Our Armory,’ Declares Bronx Community

Elected Officials, Labor, Community and Religious Leaders Demand Armory Developer Sign Community Benefits Agreement KINGSBRIDGE HEIGHTS, N.Y., Oct. 27 /PRNewswire-USNewswire/ -- On Saturday, October 27,...

Assembly Approves Star Application Deadline Extension

October 23, 2007 -- Speaker Sheldon Silver said today that the Assembly approved legislation to extend the application deadline for the Middle Class STAR...

Bankrate: Mortgage Rates Fall Sharply on Housing and Economic Worries

NEW YORK, Oct. 25 /PRNewswire-FirstCall/ -- Mortgage rates dropped notably this week, with the average conforming 30-year fixed mortgage rate now 6.31 percent. According...

Construction Market Will Continue to Weaken in 2008, According to McGraw-Hill Construction Outlook

Expected 2% Decline Will Follow 8% Drop in 2007 as Credit Crunch Fallout Continues NEW YORK, Oct. 25 /PRNewswire/ -- McGraw-Hill Construction, part of The...

Arbor Realty Trust Receives $39 Million in Cash Proceeds from Recapitalization of 1107 Broadway...

UNIONDALE, N.Y., Oct. 22 /PRNewswire-FirstCall/ -- Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust focused on the business of investing in...

New York housing market slows down in September

Albany, October 22, 2007 – Sales of existing single-family homes in New York state in September dropped to pre-boom levels for the month, posting...

JPMorgan Chase and GE Commercial Finance Offer Global Accounts Receivable Purchasing Program

GE Commercial Finance Capability Positions JPMorgan Chase's Trade and Logistics Offering as Most Comprehensive in Trade Bank Field New York, October 17, 2007 - JPMorgan...

NYS Affordable Housing Corporation (AHC) President, Staff Help Build Habitat for Humanity Homes...

Housing Agency Staff to Work Alongside New Homeowners to Build Agency-Funded “Green” Homes BROOKLYN, NY, OCT. 19—Top officials from the New York State Affordable Housing...

Commitment by Fortune 400 Company Continues the Revitalization of Lower Manhattan

Governor Spitzer Announces World Trade Center Lease  October 16, 2007 -- Governor Eliot Spitzer and Assembly Speaker Sheldon Silver today announced that NCR Corporation, a global...

$700 Million Project Will Create 1,800 Construction Jobs and House More than 2,000 Bioscience...

Bioscience Park will Include 1.1 Million Square Feet of Commercial and Lab Space for Bio and Life Science Companies based in New York City...

Banking and Financial Restructuring Partner Joins Baker & McKenzie LLP in New York

New York, NY, October 11, 2007 - Baker & McKenzie LLP has added to its Banking & Finance practice in New York with the...

Port Authority Board Hires Real Estate Broker To Lease Remaining Office Space At Freedom...

October 18, 2007 -- The Port Authority Board of Commissioners today approved a three-year agreement with Cushman & Wakefield Inc. to provide exclusive real...

Standard & Poor’s Ratings Services Reviews Ratings on Certain U.S. Residential Mortgage-Backed Securities Issued...

NEW YORK, Oct. 17 /PRNewswire-FirstCall/ -- Standard & Poor's Ratings Services announced today that it had downgraded 1713 classes of U.S. residential mortgage-backed securities...

Levinson Warns Of New Identity Fraud Scam with STAR Rebate Checks

Mineola, NY, October 18, 2007 --  Board of Assessors Chairman Harvey Levinson today warned homeowners not to respond to e-mails or telephone calls requesting...

Emerging Trends in Real Estate® 2008 Sees Correction for Commercial Real Estate Market Next...

Report from the Urban Land Institute and PricewaterhouseCoopers Ranks New York and Other '24-Hour Cities' as Top Markets to Watch NEW YORK, October 17, 2007...

Apollo Real Estate Advisors Appoints General Counsel

NEW YORK, Oct. 11 /PRNewswire/ -- Cindy Wenig has joined Apollo Real Estate Advisors as general counsel. Previously, she led the real estate practice...

“What if New York City…” Competition to Design Urban Housing for Use After a...

Ten Competition Winners Will Receive $10,000 to Further Develop Projects September 27, 2007 -- Mayor Michael R. Bloomberg and Office of Emergency Management (OEM) Commissioner...

iStar Financial Announces Pricing of Convertible Senior Floating Rate Notes due 2012

NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry,...

S&P Enhances Its Review of Data Quality Practices for U.S. Residential Mortgage Originations

NEW YORK, Oct. 10 /PRNewswire/ -- Among the many factors contributing to the poor performance of recent vintages of U.S. residential mortgage-backed securities (RMBS),...

Popular Government & Nonprofit Press Releases

VETERANS UNITED HOME LOANS TO PAY $604,000 IN RESTITUTION TO NEW...

Financial Services Superintendent Maria T. Vullo today announced that Mortgage Research Center, LLC, doing business as VAMortgage Center and/or Veterans United Home Loans, will pay approximately $604,000 in restitution to New York consumers, primarily veterans, as part of a consent order entered into with the Department of Financial Services (DFS).

Recent Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).