This is what justifies Texas economic pride

This is what justifies Texas economic pride

Happy Independence Day, Texas

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news
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Items Tagged with 'New York'

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Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit
Ben Lane
It turns out that Morgan Stanley is not out of the woods when it comes to trouble with regulators. Far from it, in fact. The company disclosed that it is expecting to be the subject of a lawsuit filed by New York Attorney General Eric Schneiderman over approximately 30 subprime securitizations sponsored by the company.
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Saudi prince lists luxurious New York nest for $48.5M

Includes three bullet-proof panic rooms… if you need it
Brena Swanson
A Saudi prince on New York’s Upper West Side is listing his roughly 10,500-square-foot triplex apartment for $48.5 million. And the real perk is what is included in the apartment.
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The loophole to get a home in New York City

Adverse possession still exists
Brena Swanson
It’s tough getting a house in New York City, but there's one loophole that is helping residents find a home despite tight inventory and rising home prices.
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New York doubling down in fight against zombie foreclosures

Attorney General announces new legislation to address “growing problem”
Ben Lane

New York Attorney General Eric Schneiderman announced on Monday that he plans to resubmit an expanded version of a bill he first introduced in 2014 to the state legislature. The bill, called the Abandoned Property Neighborhood Relief Act, is designed to reduce the number of zombie homes by informing homeowners of their right to stay in their home until a court orders them to leave.


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Wells Fargo ordered to pay $4 million for HELOC violations

NYDFS investigation shows falsified mortgage loan origination files
Ben Lane

Wells Fargo will pay a $4 million penalty after an investigation by the New York Department of Financial Services found that a former affiliate of the bank falsified mortgage loan origination files, made loans to customers that were secured by an interest in the borrower’s home, and committed other infractions in violation of New York State law.


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Manhattan condo prices have never been higher

Prices in Q4 break record set in 2007
Ben Lane
Lest anyone forget how expensive it is to live in New York City, new data shows that it’s never been more expensive to live in one of Manhattan’s condos.
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Greystone adds Raphael Inzlicht as VP of development

Tasked with leading new construction projects in NYC
Ben Lane
Greystone, a New York-based real estate development and financial group, added Raphael Inzlicht as the company’s new vice president of development. In this role, Inzlicht will lead new ground-up construction projects in New York’s five boroughs.
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Here are the hottest neighborhoods for 2015

This year it’s all about affordability
Brena Swanson
This year, buyers are finally shifting away from urban and expensive homes. Instead, it’s all about affordability, and this new list from Redfin found the best of both worlds — the most affordable and convenient neighborhoods for 2015.
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Brooklyn co-op charged with discriminating against disabled veteran

HUD accuses Trump Village IV of denying use of emotional support dog
Ben Lane
A Brooklyn cooperative development is in hot water with the U.S. Department of Housing and Urban Development for refusing to allow a disabled veteran to keep an emotional support dog and threatening the veteran and his wife with eviction in retaliation for filing a fair housing complaint.
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Credit Suisse plans to fight $10 billion toxic mortgage lawsuit

New York AG: Investors lost $11.2 billion
Ben Lane
Credit Suisse is planning to fight a $10 billion lawsuit brought against the bank by the State of New York, alleging the bank of misleading investors in the mortgage-backed securities it issued in the run-up to the financial crisis.
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