Brooklyn Real Estate News
Real Estate news for Brooklyn, NY continually updated from thousands of sources.
Thursday Nov 20 | via WebWire
Nicolaou Real Estate Services is pleased to welcome Steven Feitlin to its team. 'Steven is a very talented agent with more than 20 years of sales experience.' Comment?
Thursday Nov 13 | via Patch.com
An investigation that started with a bad check in Orange County culminated this morning with indictments unsealed against 14 people-members of the Rubin family, a real estate attorney and a real estate appraiser-over a conspiracy that stretched through Rockland County to Manhattan and Brooklyn. New York law enforcement officials said between 2004 and 2014 the extended family and their helpers obtained more than $20 million in loan proceeds in connection with more than twenty fraudulent loans, most mortgages on which they defaulted, mostly by lying about their assets, employment and residences. Comment?
Thursday Nov 13 | via Forward
Fifteen members of a prominent Satmar Hasidic family were charged in a sprawling fraud case in New York on Thursday, accused of lying to obtain $20 million in mortgages while also receiving hundreds of thousands of dollars in public benefits. The indictment was accompanied by arrests of 13 members and associates the Rubin family in Williamsburg, Kiryas Joel, and Monsey. Comment?
Wednesday Nov 12 | via National Mortgage News
Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, but it appears that the country's banks can breathe easy over the pending shake-up. The White House formally named Lynch, a two-time U.S. attorney for the Eastern District of New York, on Saturday. Comment?
Tuesday Nov 11 | via The Real Deal
A four-story Cobble Hill townhouse that sold for $7 million was the largest residential home sale in Brooklyn recorded in October, according to PropertyShark . The 3,846-square-foot property at 305 De Graw Street was last altered in 2009 and features four bedrooms and two floors of walls adorned with plants. Comment?
17 hrs ago | via Albany Times Union
In this Tuesday, July 16, 2013, file photo, a customer uses an ATM at a Bank of America branch on Peachtree Street, in Atlanta. U.S. bank earnings rose 7.3 percent in the July-September quarter of 2014, from a year earlier, as banks reduced their expenses and continued to lend out more money, which helped drive up revenue. Comment?
Monday | via Housing Wire
The Center for NYC Neighborhoods and the national Lawyers' Committee for Civil Rights Under Law released a joint report on foreclosure rescue scams. The report , titled "Who Can You Trust? The Foreclosure Rescue Scam Crisis in New York," combines quantitative data on national trends from the Lawyers' Committee and qualitative data from focus groups coordinated by the Center. Comment?
Sunday Nov 23 | via The Real Deal
Scammers are conning millions out of cash-strapped New York homeowners, according to a new study to be released Monday. Some 2,700 families across the state have been affected by foreclosure scams, which offer false promises of loan modifications, and the problem is particularly acute in the Southeast Brooklyn, Northeast Bronx and Southeast Queens, according to the New York Post. Comment?
Friday Nov 7 | via Theflyonthewall.com
Information Management Network to hold a symposium Private Label RMBS Reform Symposium is being held in New York on November 12. Lawsky reports a positive for mortgage space, says FBR Capital FBR Capital views reports of New York Department of Financial Services Superintendent Benjamin Lawsky's plans to step down in 2015 as a positive for mortgage servicing space. FBR notes Ocwen Financial has been the company under the most scrutiny with Lawsky in charge and that Nationstar Mortgage ) has also received a letter from the regulator. Comment?
Wednesday Nov 19 | via Housing Wire
The third-quarter report from RealtyTrac on flipping shows that 26,947 single-family homes were flipped nationwide in the third quarter of 2014 - where a home is purchased and subsequently sold again within 12 months - representing 4% of all U.S. single-family home sales. That's down from 4.6% in the second quarter of 2014 and down from 5.6% in the third quarter of 2013 to the lowest level since the second quarter of 2009. Comment?
6 min ago | via The Washington Post
Mortgage rates were mostly flat this week heading into Thanksgiving, according to the latest data released Wednesday by Freddie Mac. The 30-year fixed-rate average slid down to 3.97 percent, with an average 0.5 point. Comment?
7 min ago | via WMC-TV Memphis
The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers. The National Association of Realtors says its seasonally adjusted pending home sales index fell 1.1 percent the past month to 104.1. The index remains below its 2013 average but is 2.2 percent higher than last October. Comment?
1 hr ago | via Safehaven
Briefly: In our opinion, speculative short positions are favored . Intraday outlook: bearish Short-term outlook: bearish Medium-term outlook: neutral Long-term outlook : bullish The main U.S. stock market indexes were virtually flat on Tuesday, extending their short-term uncertainty, as investors hesitated ahead of a long holiday weekend. Comment?
8 min ago | via Houston Press
When Army Sgt. 1st Class Scott Lathan returned home from his second tour in Iraq, finances were tight. Comment?
21 min ago | via Channel3000
The Home Affordable Refinance Program or HARP program the federal government has helped numerous homeowners underwater refinance their loans since 2009. While both the refinance craze and foreclosure crisis have waned since, there are still emails out there promising homeowners the world. Comment?
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