Press Releases
| Mortgage |
Harlem Condominium Development 2280 FDB Approved for FHA-Backed Loans
February 4, 2010 Posted by Nicole Amato
New York, NY - February 4, 2010 - (RealEstateRama) — Halstead Property Development Marketing and RGS Holdings, LLC, in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, today announced that 2280 Frederick Douglass Boulevard has been approved by the Federal Housing Administration’s mortgage program. The 12-story new construction condominium development in Harlem, will now allow qualified buyers to purchase a new home with a down payment between 5 and 10%.
METROPOLITAN REALTY EXTENDS MORTGAGE ON SUNRISE BUSINESS CENTER IN GREAT RIVER
February 1, 2010 Posted by WaxWords Incorporated
JERICHO, NY - February 1, 2010 - (RealEstateRama) — Despite a tight lending market, Metropolitan Realty Associates, the owner of the Sunrise Business Center in Great River, and its equity partner Angelo, Gordon & Co., LP. have successfully negotiated an extension of their mortgage on the 388,500-square-foot Class A office complex, President Joseph A. Farkas announced today.
GREENPATH DEBT SOLUTIONS SEES 58% INCREASE IN NYC CLIENTS AND 52% INCREASE IN NY STATE CLIENTS WITH PAST DUE MORTGAGES IN 2009 VERSUS 2008
December 22, 2009 Posted by New York RealEstateRama
FARMINGTON HILLS, MI - December 22, 2009 - (RealEstateRama) — GreenPath Debt Solutions, a nonprofit consumer credit counseling service with seven offices in the greater New York City area, recently released mortgage delinquency data regarding its clients in New York State and New York City
Below the Line: Estimates of Negative Equity among Nonprime Mortgage Borrowers
July 3, 2009 Posted by New York RealEstateRama
New York, NY - July 1, 2009 - (RealEstateRama) — The Federal Reserve Bank of New York today released Below the Line: Estimates of Negative Equity among Nonprime Mortgage Borrowers, a new forthcoming article in the Bank’s Economic Policy Review series.
Enterprise Commends Naomi Bayer’s appointment to the Board of Directors of the State of New York Mortgage Agency
June 22, 2009 Posted by New York RealEstateRama
Columbia, MD - June 17, 2009 - (RealEstateRama) - Enterprise Community Partners, Inc. commends Governor David A. Paterson for appointing and the New York State Senate for confirming on June 3, 2009 Naomi Bayer to the Board of Directors of the State of New York Mortgage Agency (SONYMA).
Franklin Credit Management Enters Into Debt Restructuring With Lead Lending Bank
January 4, 2008 Posted by New York RealEstateRama
NEW YORK, Jan. 3 /PRNewswire-FirstCall/ — Franklin Credit Management Corporation (Nasdaq: FCMC), a specialty consumer finance company primarily engaged in the servicing and resolution of performing, reperforming and nonperforming residential mortgage loans, today announced that on December 28, 2007, the Company and its direct and indirect subsidiaries, including its Tribeca Lending Corp. origination subsidiary (”Tribeca”), […]
LandAmerica To Present at the Credit Suisse Insurance and Asset Management Conference 2007
November 12, 2007 Posted by New York RealEstateRama
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, announces that its Chief Financial Officer, G. William Evans, will deliver a presentation at the Credit Suisse Insurance and Asset Management Conference 2007 at the Credit Suisse office located at One […]
Bankrate: Mortgage Rates Nudge Higher
November 8, 2007 Posted by New York RealEstateRama
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 to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.38 discount and origination points.
MFA Mortgage Investments, Inc. Announces Public Offering of Common Stock
November 6, 2007 Posted by New York RealEstateRama
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 of its common stock. MFA has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock to cover over-allotments. All of the shares are […]
Bankrate: Mortgage Rates Fall Sharply on Housing and Economic Worries
October 25, 2007 Posted by New York RealEstateRama
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 to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.34 discount and origination points.
Standard & Poor’s Ratings Services Reviews Ratings on Certain U.S. Residential Mortgage-Backed Securities Issued in 2007
October 18, 2007 Posted by New York RealEstateRama
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 (RMBS) backed by first-lien subprimemortgage loans, first-lien Alternative-A (Alt-A) mortgage loans, and closed-end second-lien mortgage loans issued from January 1, 2007, through June 30, 2007.
S&P Enhances Its Review of Data Quality Practices for U.S. Residential Mortgage Originations
October 10, 2007 Posted by New York RealEstateRama
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), the two that are cited most often are stretched underwriting guidelines and home price declines. However, industry reports have also mentioned fraud at the origination stage. It’s important to note that […]
Cedar Shopping Centers Completes Purchase of Six Centers and Two Parcels in the Northeast
October 8, 2007 Posted by New York RealEstateRama
PORT WASHINGTON, N.Y., Oct. 8 /PRNewswire-FirstCall/ — Cedar Shopping Centers, Inc. (NYSE: CDR), today announced that it has completed closings on the previously reported agreements for the purchase of six shopping center properties aggregating approximately 870,000 sq. ft. of GLA at a purchase price of approximately $117 million, exclusive of closing costs and adjustments. Two […]
Bankrate: Mortgage Rates Move Lower
October 5, 2007 Posted by New York RealEstateRama
NEW YORK, Oct. 4 /PRNewswire-FirstCall/ — Fixed mortgage rates declined, with the average conforming 30-year fixed mortgage rate falling to 6.42 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.36 discount and origination points.
NEWSWEEK: Interview: Alan Greenspan Former Federal Reserve Chairman
September 18, 2007 Posted by New York RealEstateRama
‘This was an Accident Waiting to Happen’: Responding to Critics Charging the Fed for the Housing Bubble and Subprime Mortgage Mess
NEW YORK, Sept. 16 /PRNewswire/ — Former Federal Reserve Chairman Alan Greenspan responds to critics who charge that the Fed contributed to the housing bubble and subprime mortgage mess by keeping interest rates low for […]
