All Posts Tagged With: "new york"
Quarterly Foreclosures Down 33% From 2009
Foreclosure activity in the first quarter was down 33% when compared with a year ago but huge discounts remain with pre-foreclosure (14.77%), foreclosure (26.7%) and lender-owned properties (34.04%), according to RealtyTrac.
The RealtyTrac numbers — which are used by HUD as part of its monthly housing scorecard — show that savvy buyers are purchasing large [...]
$624 Million Settlement Doesn’t Mean A Dime For Mortgage Borrowers
According to the State of New York it has now achieved a $624 million preliminary settlement from Countrywide Financial Corporation and its accounting firm, KPMG. The arrangement must be approved by a California judge, perhaps in September
It is alleged that “Countrywide, one of the country’s largest mortgage lenders, violated securities laws by making misstatements and [...]
Report: Foreclosures Soar In Some Areas, Fall In Others
RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, says that in the first quarter cities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure rates in the first quarter among metro areas with a population of 200,000 or more.
Las Vegas posted the highest metro rate, with 4.48 percent of its housing [...]
22Apr2009 | Peter G. Miller | 4 comments | Continued
Isn’t It Time To End Rent Control?
As of September 2008 there were 43,317 tenants in New York City who pay the same rent that was paid in 1947 according to the Wall Street Journal. (See: Rent Control Is the Real New York Scandal, September 13, 2008)
You might recall that such “temporary” rules have been in effect for more than 60 years. [...]
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