LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
WASHINGTON—Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in March, reaching the lowest level since
ALBANY—The average bonus paid to employees in New York City’s securities industry grew by 10% in 2020 to
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index decreased in February by 1.2 points to 76.5. Four of
BREWSTER—The Board of Directors of Tompkins Mahopac Bank announced on Feb. 4 that Gerald J. Klein, Jr. will retire
NEW YORK—The New York State Homes and Community Renewal, New York City Department of Housing Preservation and Development and
NEW YORK—Gotham Organization, in partnership with Goldman Sachs Urban Investment Group, has closed on a $162.35-million loan from
What happens when real estate is not purchased with the best of intentions? In the broadest of terms, as real
WASHINGTON—The Federal Housing Finance Agency announced on Nov. 24 the maximum conforming loan limits for mortgages to be acquired
NEW YORK—The Community Preservation Corp. a leading New York City-based nonprofit affordable housing and community revitalization finance company, has
WASHINGTON—The Mortgage Bankers Association announced on Oct. 21 that purchase originations are expected to grow 8.5% to a
NEW YORK—Commercial real estate finance firm Greystone reports it has arranged the closing of a $289,289,000 permanent
NEW YORK—SL Green Realty Corp reported on Sept. 8 it had closed on a new $600-million construction facility for
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