Brooklyn Real Estate News
Real Estate news for Brooklyn, NY continually updated from thousands of sources.
6 hrs ago | via US News & World Report
In a perfect world, you'd have a robust credit score and a 20 percent down payment in hand, with mortgage lenders falling all over themselves to get your attention. But what if your world is a little dinged? What if your credit score is shabby, your bank manager cringes when he sees you and debt collectors are the ones vying for your attention? You may be better positioned to buy a house than you think. Comment?
Sunday Jan 25 | via The Brooklyn Paper
Fleur-de-lis-emblazoned seats are reserved for high rollers who pay to reserve them. They come with more legroom and an express lane at the bar. Comment?
Friday Jan 23 | via ABC News
The average 30-year fixed-rate mortgage is close to 3.6 percent, a near rock-bottom low that's more than a full percentage point lower than this time last year. If a home buyer has a typical $200,000 30-year fixed rate mortgage at 4.6 percent and they refinance at 3.6 percent, they stand to save $118 a month - more than $40,000 over the life of that loan. Comment?
Friday Jan 23 | via Brooklynian
She initially asked the community for ideas in financing the art gallery being run on the ground floor of the building and talked about how she plans to renovate the upper floors of the townhouse into housing for artists. But the conversation quickly turned to the building's upkeep. Comment?
Wednesday Jan 21 | via The Brooklyn Paper
My fellow Brooklynites, it is time to turn the page. The days when our home was a laughingstock, the butt of countless jokes, and land of people with funny accents is over. Comment?
8 hrs ago | via The Real Deal
Federal authorities have launched an investigation into New York Senate Majority Leader Dean Skelos' links to the real estate industry. Skelos is U.S. Attorney Preet Bharara's latest target, after Assembly Speaker Sheldon Silver was arrested last week for an alleged $4 million bribery scheme tied to a real estate law firm , according to NBC 4 New York. Comment?
23 hrs ago | via The Washington Post
The insurer lent $12.1 billion on commercial properties, 5 percent more than a year earlier, according to a statement Thursday from New York-based MetLife. The company also committed to invest $1.7 billion in real estate equity in 2014. Comment?
Yesterday | via The American Prospect
Activists wave Malaysian flags during a protest against Trans-Pacific Partnership ahead of U.S. President Barack Obama's Malaysia visit, outside the U.S. Embassy in Kuala Lumpur, Malaysia, Friday, April 25, 2014. he late Dr. Martin Luther King is praised for saying "injustice anywhere is a threat to justice everywhere." Comment?
Wednesday | via New York Magazine
One of the poorest neighborhoods in Brooklyn is suddenly the focus of both private speculators and City Hall, which wants to build thousands of units of affordable housing thereand by announcing its plans is fueling the land rush. One of the poorest neighborhoods in Brooklyn is suddenly the focus of both private speculators and City Hall, which wants to build thousand of units of affordable housing there - and by announcing its plans is fueling a land rush. Comment?
Tuesday | via Marietta Times
Residents of New Hampshire, where Nashua got 33 inches of snow and Hudson got 32, are venturing outside to assess the damage. Bob Preston is a real estate agent in Seabrook, a coastal town strafed by high winds and almost 28 inches of snow. Comment?
15 min ago | via OregonLive.com
A U.S. housing regulator will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry. Companies selling mortgages to Fannie Mae and Freddie Mac or collecting payments on loans backed by the two U.S.-owned enterprises must meet the new standards, the Federal Housing Finance Agency said Friday. Comment?
22 min ago | via Housing Wire
The company, which is reportedly part of a group of mortgage bond investors that is currently threatening to sue Ocwen Financial for failing to properly collect payments on $82 billion of home loans, disclosed recently that it owns 7.5% of the stock in Ocwen's associated company, Altisource Residential Corporation . Those shares are currently worth $77.38 million. Comment?
23 min ago | via Business Wire
High Quality Adjustable-Rate Mortgages: The collateral pool consists of five-year hybrid adjustable-rate mortgages to borrowers with strong credit profiles, low leverage, and substantial liquid reserves. All of the loans were originated by FRB, which Fitch considers to be an above-average originator of prime jumbo product. Comment?
24 min ago | via The Globe and Mail
The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave. in New York April 22, 2014. The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave. in New York April 22, 2014. Comment?
25 min ago | via Business Journal
American Savings Bank reported a profit of $12 million in the fourth quarter, down slightly from $12.2 million in the fourth quarter of 2013, its parent company, Hawaiian Electric Industries, Inc. , said Friday. For all of 2014, the Honolulu-based bank reported $51.5 million in profits, compared to $57.5 million in 2013. Comment?
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