Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl

Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Items Tagged with 'New York'


Cuomo’s past mortgage investigations in question

Who advised the former NY AG?
July 17, 2014
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
June 25, 2014
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%!
June 20, 2014
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
June 19, 2014
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
June 19, 2014
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
June 17, 2014
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
June 17, 2014
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
June 8, 2014
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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Benjamin Lawsky just made it easier to be a mortgage banker in New York

Sometimes he offers you a carrot, not just the stick
June 5, 2014
It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers…especially those in New York. Lawsky’s office has just made your lives much easier.
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Mortgage Master expands in Northeast

Jonathan Yellon to lead new branch
May 20, 2014
Mortgage Master opened a new office in Rye, N.Y. to cover the southern Westchester County communities and further expand its Northeast presence.
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