Brooklyn developer Eliyahu Ezagui was indited Wednesday in a mortgage scam where he allegedly took more than $18 million from condo buyers and banks.
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After several years or record levels of commercial real estate investment, with soaring rents and building prices, the market has cooled off since the summer. With rising concerns of the credit market many recent acquisitions have dried up
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A New York city mortgage broker is under the microscope by investigators for a scheme to defraud mortgage applications. Jacob Milton, a manager at Griffin Mortgage Co., pleaded not guilty to charges of grand larceny, identity theft, and falsifying business records.
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When Luveria Hazelwood refinanced her home with now-defunct American Home Mortgage in January, she was told her monthly mortgage payment would drop from more than $3,000 to just over $1,800.
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Fewer houses are selling in and throughout Central New York, as the real estate market slows down across the country.
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This week’s latest figures on new and existing home sales may not be accurately representative of the national housing market as a whole.
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While the nation’s housing market is getting whacked by slowing sales, bad credit mortgage problems, falling prices and rising inventories, several experts say New York City’s market is on a tear again.
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Despite free-falling real estate prices in some parts of the country, the Rochester, N.Y., area is holding steady, with values rising slightly in both the city, most Monroe County towns and other counties in the area.
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Governor Eliot Spitzer has established a state interagency group charged with stopping predatory lending practices within the New York mortgage universe.
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The Greater Binghamton, N.Y., housing market softened slightly in April, according to statistics released by the Greater Binghamton Association of Realtors.
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