Market
NAR: Northeast Existing-Home Sales Spiked by 8.5% in November; Prices Rose Nearly 10%
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Mortgage
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News
Hudson United Mortgage Merges with 1st Priority Mortgage
Uniting 1st Priority Mortgage and Hudson United Mortgage offer a wealth of expertise and an expanded array of unique loan products, serving borrowers across the region, company officials stated.
News
Hudson Valley Credit Union to Acquire Catskill Hudson Bank
Pursuant to the merger agreement, which was approved by the boards of directors of HVCU, Catskill Hudson and Catskill Hudson Bank, Catskill Hudson stockholders will receive $40.50 in cash for each share of Catskill Hudson common stock.
Mortgage
Related, CPC-Led Partnership to Service Signature Bank’s $5.8B Rent-Stabilized Portfolio
New venture to bring stability to rent controlled multifamily housing in New York City in deal supported by broad cross section of New York City and State elected and public officials as well as dozens of local and national non-profits.
Mortgage
FHFA Raises Conforming Loan Limit Values for 2024
New one-unit CLL values in the Bronx, Manhattan, Westchester, Rockland and Putnam counties will be $1,149,825.
Featured
Attorney General's Report Finds Deep Racial Disparities in Home Ownership, Access to Financing Across New York State
NEW YORK—New York Attorney General Letitia James released a scathing report earlier today on what she termed as a
Mortgage
Veteran Mortgage Broker-Turned Playwright Debuts ‘The Oh Show’ at the Paramount Hudson Valley
PEEKSKILL—For the past 22 years, Irene Amato has been synonymous with A.S.A.P. Mortgage, based in Peekskill
Lawrence Yun
NAR Chief Economist Yun Predicts Better Times Ahead in 2024 for Residential Real Estate Market
WHITE PLAINS—After detailing a laundry list of problems that have caused a “difficult year” for the real estate markets
Mortgage
Mortgage Applications Fall to Lowest Level in 28 Years
WASHINGTON—The Mortgage Bankers Association reported on Sept. 6 that mortgage applications decreased 2.9% from one week earlier, according
Commercial
Westchester Medical Center’s New Patient Care Tower Secures $195M in Bond Financing from Westchester LDC
WHITE PLAINS—The Westchester County’s Local Development Corporation voted on Aug. 23 final approval of $195-million in tax-exempt bond
National Association of Realtors
Broad-Based Housing and Lending Coalition Warns FHFA Against Rent Control, Rent Stabilization Policies
WASHINGTON—A broad-based coalition of 18 associations representing housing providers, lenders and residents sent a letter on Thursday, Aug. 10
Mortgage
MAG Partners Secures $196-Million Refinancing Loan for Ruby in West Chelsea
NEW YORK—MAG Partners announced on July 13 that it had secured a $196-million loan from funds managed by Elliott
Mortgage
Regulators: Take Steps to Recognize Warehouse Lenders’ Important Role in Today’s Housing Finance Market
This is a difficult time for the housing industry, and those challenges extend to all corners—not only mortgage lenders
