America’s housing not ready for ever-expanding over-50 population

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility, affordability for older Boomers

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
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Items Tagged with 'New York'

ARTICLES

Mortgage trustees seek $4.5B JPMorgan settlement approval

Resolves claims over faulty home loans
Brena Swanson
U.S. Bank and the Bank of New York Mellon asked a New York state court judge to approve a $4.5 billion settlement with JPMorgan Chase over investor claims of faulty home loans.
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New York now allows shared appreciation mortgage modifications

New regulation announced without fanfare in state register
Ben Lane
Per the new rules, each shared appreciation agreement must contain "a conspicuous legend at the top of the agreement printed in at least fourteen-point type, consisting of substantially the following language: 'IN THIS AGREEMENT, YOU ARE GIVING AWAY SOME OF ANY FUTURE APPRECIATION IN THE VALUE OF YOUR HOME. PLEASE READ CAREFULLY.'"
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Cuomo’s past mortgage investigations in question

Who advised the former NY AG?
Brena Swanson
Back in 2007, when Andrew Cuomo was the New York State attorney general, he brought on a longtime confidant as a consultant in mortgage industry investigations, which is now under scrutiny.
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Is eminent domain coming to New York City?

Council members push to aid city’s underwater borrowers
Ben Lane
Council members Jumaane Williams, Daneek Miller, Donovan Richards, and Mark Levine have joined with the New York Communities for Change and the Mutual Housing Association of New York to push for the city to use eminent domain to aid underwater borrowers.
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Record-breaking $147 million home once sold for $120

That’s an appreciation of 122,499,900%!
Ben Lane
Admittedly, the $120 sale did take place in 1901, but that’s still an astronomical amount of appreciation for the value of the property. In fact, it’s an appreciation of 122,499,900%. That’s 122 million percent!
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Sticker shock: $1 million for a studio?!?!

New York City maybe lost its mind
Ben Lane
Make sure you're sitting down before you read this. And you might want to set a pillow down in front of you, just in case.
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BlackRock, Pimco sue Wells Fargo, Citi, others over mortgage bonds

Allege that trustees should have forced banks to buy back toxic loans
Ben Lane
BlackRock and Pimco are leading a group of investors who have filed suit against six of the largest mortgage bond trustees, alleging that the trustees failed to properly administer the mortgage trusts by not forcing mortgage lenders to repurchase toxic loans.
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Court rules Merrill Lynch must face $1 billion mortgage lawsuit

Trusts trying to force company to buy back bad loans
Ben Lane
The two trusts said Merrill was obligated to buy back the loans because ResMAE could no longer fulfill its contractual obligations because the company had been liquidated in bankruptcy.
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Mortgage default rates continue to trend down

Default rates hit lowest level since May 2006
Brena Swanson
The decline in mortgage default rates paved the way for the national credit default rate to reach an eight year low. However, this does not guarantee good news for potential borrowers.
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Monday Morning Cup of Coffee: DOJ battles Citigroup, BofA over mortgage bonds

How to compete in real estate bidding wars
Brena Swanson
The Department of Justice keeps going after top banks, looking into several banks’ past dealings with mortgage-backed securities. This time Bank of America and Citigroup are on the chopping block.
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