Items Tagged with 'New York'


New York to provide $100 million in zero-interest loans to prevent foreclosures

Using Goldman Sachs fine to fund expansion of Mortgage Assistance Program
Homeowners in the state of New York who are struggling to keep their homes from falling into foreclosure are about to get a lifeline – $100 million in zero-interest loans from the state of New York. It's all thanks to Goldman Sachs and its $5 billion toxic mortgage settlement.
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Northeast property tax highest in the nation

New York’s average more than double California’s
Surprisingly, the highest property taxes are not found in California, but rather, in the Northeast. New York actually wields the highest property tax average, which is significantly higher than even the second highest state, Connecticut.
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Fitch: Coastal home prices diverge

A tale of two cities
While seemingly similar upon first glance, a closer look shows that New York City and San Francisco are two very different cities. Fitch’s new report shows the main causes for the differences in the housing markets for each city.
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New York county legislator, former city official among victims of mortgage fraud conspiracy

Own mortgage company allegedly defrauded by lawyer, broker, appraiser, Realtor
A mortgage company owned by a New York country legislator and a former Syracuse city auditor is among the alleged victims of a mortgage fraud conspiracy that involved a lawyer, a mortgage broker, a real estate appraiser, and a Realtor working together to defraud lenders out of more than $4 million.
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New York Attorney General pushes FHFA for principal reduction

Schneiderman wants Fannie, Freddie to cut mortgage balances
New York Attorney General Eric Schneiderman joins the chorus calling for Fannie Mae and Freddie Mac to reduce the mortgage balances of struggling borrowers. Schneiderman sent a letter to FHFA Director Mel Watt this week, stating that principal reduction "should be deployed broadly and quickly to homeowners in desperate need of this relief from the continuing damage caused by the housing crisis."
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NYC Mayor housing plan gains more support

Affordable housing goals set for low-income people
New York City Mayor Bill de Blasio and the Real Affordability for All coalition reached an agreement over the weekend after seeing a revised version of de Blasio’s original proposal for a 10-year zoning plan.
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Remember Trump Mortgage? Inside the GOP frontrunner's failed mortgage venture

Washington Post, John Oliver shed light on Trump's pre-crisis mortgage bet
Republican Presidential frontrunner Donald Trump may have claimed that he predicted the fall of the American housing market before the bubble burst, but that didn’t stop him from launching a mortgage venture of his own at the height of the mortgage boom. Anyone remember Trump Mortgage?
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