AZURE ARRANGES $145 MILLION FINANCING
New York, NY - October 19, 2010 - (RealEstateRama) -- Azure (www.azureny.com), the spacious 34-story luxury residential building at 333 East 91st Street at First Avenue on the Upper East Side, has arranged a new financing facility of $145.1 million from HSBC and its participating lenders.
Leading Real Estate Attorney Joins Nixon Peabody’s Rochester Office; John D’Amanda Is Well Known...
September 13, 2010 - (RealEstateRama) -- Mr. D’Amanda focuses his practice on commercial real estate, including development and land use, mortgage and asset lending, foreclosures and workouts, and succession planning for family land holdings. Mr. D’Amanda was drawn to the firm because of the depth of Nixon Peabody’s real estate practice firmwide and the reputation of that group in the Rochester community and throughout Upstate New York.
SONYMA Mortgage Rates Reduced to Lowest Level in 40 Years
New York, NY - September 7, 2010 - (RealEstateRama) -- The State of New York Mortgage Agency (SONYMA) is now providing the lowest interest rates ever offered for its two primary programs in the agency's 40-year history.
Real Estate Attorney and Loan Officer Found Guilty in Multi-Million-Dollar Mortgage Fraud Scheme at...
New York, NY - August 27, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that RAVI PERSAUD,
Manhattan U.S. Attorney Charges 38 Defendants as Part of Nationwide Mortgage Fraud Sweep
New York, NY - June 17, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, GEORGE VENIZELOS, the Acting Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"), NEIL BAROFSKY, the Special Inspector General of the Troubled Asset Relief Program ("SIGTARP"), RICHARD H. NEIMAN,
Congressman Edolphus “Ed” Towns, Taconic Investment Partners And Fillmore Real Estate Save 45 Families’...
BROOKLYN, NY - June 11, 2010 - (RealEstateRama) -- Today, Congressman Edolphus "Ed" Towns will be joined by more than 45 grateful low to moderate income families outside of the MeadowWood at Gateway complex who were in danger of losing Federal Housing Administration (FHA) loans to purchase their dream homes --but the much-need mortgage option was saved, thanks to the intervention of Rep.
Maloney joins House in passage of FHA reforms
WASHINGTON, DC - June 10, 2010 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY) today voted in favor of reforms to the Federal Housing Administration (FHA) which will protect homeowners from mortgage fraud and save tax dollars.
NEDAP Releases Joint Report Showing Sharp Decline in Prime Mortgage Lending in Communities of...
New York, NY - May 13, 2010 - (RealEstateRama) -- Lenders sharply cut prime mortgage lending in communities of color in recent years — for both home purchases and refinancing of existing mortgages.
Former Owner of Home Savers Consulting Corp. Pleads Guilty to Mortgage Foreclose Rescue Scheme
NEWARK, NY - March 30, 2010 - (RealEstateRama) -- A Brooklyn man pleaded guilty today to conspiracy to commit wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, U.S. Attorney Paul J. Fishman announced.
Chase Joins Second-Lien Program to Keep More Families in Homes
NEW YORK, NY - March 22, 2010 - (RealEstateRama) -- Chase announced today that it will provide additional help to struggling homeowners by joining the second-lien program of the federal government's Home Affordable Modification Program.
Manhattan U.S. Attorney Charges Three Defendants in Multi-Million-Dollar Mortgage Fraud Scheme
New York, NY- February 24, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"),
Mayor Bloomberg, Environmental Protection Commissioner Holloway Launch New Program to Relieve Water Debt and...
New York, NY - February 8, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg and Department of Environmental Protection Commissioner Cas Holloway today launched the Water Debt Assistance Program, a new initiative that will temporarily relieve homeowners at risk of foreclosure of past-due water and sewer debt.
Harlem Condominium Development 2280 FDB Approved for FHA-Backed Loans
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%.
Hinchey, Cummings Leading Effort in Congress to Convince Obama Administration to Reverse Plan &...
Washington, DC - February 4, 2010 - (RealEstateRama) -- With the strength of the housing market linked directly to overall economic prosperity, Congressman Maurice Hinchey (D-NY) and Congressman Elijah Cummings (D-MD) are leading the effort in Congress to convince the Obama administration and Federal Reserve to reverse course and continue several key programs due to soon expire or change that are critical to keeping mortgage rates low and making homeownership more attainable.
METROPOLITAN REALTY EXTENDS MORTGAGE ON SUNRISE BUSINESS CENTER IN GREAT RIVER
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.
Schumer, Gillibrand, Nadler Seek HUD Mortgage Assistance To Help Keep St. Vincent’s Doors Open
New York, NY - February 1, 2010 - (RealEstateRama) -- With St. Vincent’s Hospital on the brink of bankruptcy, U.S. Senators Chuck Schumer and Kirsten Gillibrand and Congressman Jerrold Nadler (D-Manhattan) urged the U.S. Department of Housing and Urban Development (HUD) to help the only Level-1 trauma center serving neighborhoods from Midtown to Downtown stave off closure.
FHA and Ginnie Mae take action against TopDot Mortgage
WASHINGTON, DC - January 25, 2010 - (RealEstateRama) -- The Federal Housing Administration’s Mortgagee Review Board (MRB) today immediately and permanently withdrew the FHA approval of Premium Capital Funding, LLC, a Jericho, New York-based lender doing business as TopDot Mortgage.
Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage...
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
State of New York Mortgage Agency Approves $37.5 million Insurance
NEW YORK, NY - January 28, 2010 - (RealEstateRama) -- The board of the State of New York Mortgage Agency (SONYMA) today approved a commitment to insure a $37.5 million mortgage on a 144-unit apartment building in Brooklyn that was originally built to be sold as condominium units.
GREENPATH DEBT SOLUTIONS SEES 58% INCREASE IN NYC CLIENTS AND 52% INCREASE IN NY...
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
Suffolk County Executive Steve Levy Plans Prompt Disbursement of Mortgage Taxes to Towns and...
Hauppauge , NY - December 15, 2009 - (RealEstateRama) -- Suffolk County Executive Steve Levy today will file a resolution via Certificate of Necessity seeking immediate passage of a measure to provide Suffolk’s towns and villages with more than $26 million of mortgage tax revenues.
Appraisal Business Owner Indicted in Mortgage Fraud Scheme
ALBANY, NY - December 14, 2009 - (RealEstateRama) -- Andrew T. Baxter, United States Attorney, Rene Febles, Special Agent in Charge, United States Department of Housing and Urban Development,
Governor Paterson Announces Federal Homebuyer Tax Credit Cash Advances For Eligible SONYMA Borrowers
Albany, NY - December 15, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York State will offer cash advances of up to $8,000 on the Federal homebuyer tax credit for borrowers using a State of New York Mortgage Agency (SONYMA) mortgage to purchase a home.
Manhattan U.S. Attorney Charges President of Mortgage Brokerage Firm in $23 Million Fraud Scheme
New York, NY - December 10, 2009 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"), and RICHARD H. NEIMAN,
HDC’s Board Approves $43M in Taxable Multi-Family Mortgage Revenue Bonds & Cooperative Housing Mortgage...
NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $43 million in taxable Multi-Family Mortgage Revenue Bonds and Cooperative Housing Mortgage Revenue Bonds for the new construction of Via Verde Apartments and Via Verde Cooperative Apartments, located in the Bronx.
