The Wrap: Appraisal volume ticks down after two weeks up

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate

Items Tagged with 'New York'


Penthouse owned by ‘Psychic Hotline King’ is NYC’s 2nd most expensive rental

The man who brought us Miss Cleo commands $100K a month in rent
The man who was once called the “Psychic Hotline King," and the man that brought “Miss Cleo” into everyone’s TV throughout the 1990’s with their omnipresent infomercials, is also now the landlord commanding the second highest rent in all of New York City. Yes, you read all of that right.
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New York comptroller: State’s foreclosure crisis far from over

New report shows increasing foreclosures outside NYC
Despite efforts to combat the glut of foreclosures that have choked New York’s court system and blighted many of the state’s neighborhoods, a new report from the New York comptroller shows that the state’s foreclosure crisis is nowhere close to being resolved – and in many cities, it’s actually getting worse.
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Manhattan real estate has never been more expensive

Average sales price for an apartment hits all-time high in 2nd quarter
No one has ever argued that living in New York isn’t an expensive proposition, but a new report shows just how expensive it is to live in New York’s priciest borough. According to data from Douglas Elliman, it’s never been more expensive to live in Manhattan than it is right now.
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Lawsky: New York’s foreclosure system is broken

Calls for reforms in state’s foreclosure process
The state of New York is still facing a massive glut of foreclosures that are choking an over-stressed system and threatening the state’s homeowners, New York Department of Financial Services Superintendent Benjamin Lawsky told the crowd at the Mortgage Bankers Association’s National Secondary Market Conference on Tuesday morning. “The state’s foreclosure process is broken and badly in need of change,” Lawsky said.
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What to expect at MBA’s Secondary Market Conference

Thousands of mortgage professionals set to descend on NYC
Thousands of mortgage and secondary market professionals are set to descend on New York City this weekend as the industry gathers for the Mortgage Bankers Association’s National Secondary Market Conference 2015. Here's the full rundown.
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New York continues title insurance revolution

NYDFS announces rate cuts for refinances
After recently announcing a set of new “anti-inducement” regulations designed to reign in kickbacks and “other improper expenditures” in the title insurance industry, the New York state government approved new title insurance rates for mortgage refinancing transactions, which are expected to provide up to 65% savings for consumers.
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Monday Morning Cup of Coffee: Is housing normal yet? Virginia to use eminent domain

BofAML says “normalization” can wait
After surveying key economic and housing data versus long term historical averages, a new report from Bank of America Merrill Lynch sees subpar performance on almost every front. How will this impact housing? Meanwhile, the arrests of two of the three most powerful men in New York's state government may finally open the door for housing reform.
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