BROOKLYN ATTORNEY CONVICTED IN MULTIMILLION-DOLLAR MORTGAGE FRAUD SCHEME

New York, NY - February 6, 2009 - (RealEstateRama) – LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced that attorney ALEXANDER KAPLAN was found guilty today of participating in a multimillion-dollar mortgage fraud scheme. KAPLAN was found guilty, after a two-week jury trial in Manhattan federal court, on all eighteen counts in the Indictment against him.

New York’s REALTORS lament missed opportunity in governor’s budget proposal

Albany, NY - December 17, 2008 - (RealEstateRama) – Today, New York’s 62,000 REALTORS are united in their disappointment that Gov. David Paterson’s budget proposal did not...

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...