Cenlar FSB, the nation’s second-largest mortgage servicer and largest sub-servicer, hired Gary Gaskin as vice president of transfer services. Gaskin will be responsible for areas of loan boarding, acquisitions and transfers as well as improving operation efficiencies, the firm said. The executive brings more than 22 years of experience in servicing. He was most recently […more]
Rendering by Nightnurse Images, courtesy of Magnusson Architecture and Planning A housing lottery opened this week for 129 affordable apartments at a new energy-efficient residential development in East New York. Located at 573 Emerald Street, the development is the second phase of the affordable and supportive multi-building housing project Linden Terrace. New Yorkers earning 30, 50, 60, and […more]
The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Prospects for future improvement anytime soon are dim as well. “The outlook for future economic growth remained generally weak, with … expectations […more]
It starred as the family home in Spike Lee’s semi-autobiographical 1994 film ‘Crooklyn’ and now, less than a decade after an impressive restoration and stint as a bed and breakfast, the 1880s Bed Stuy brownstone is on the market. It made some headlines went it sold, unrenovated, over the asking… Read More > The post […more]
Amrock, a national provider of title insurance, property valuations and settlement services and a division of Rocket Companies, rolled out technology to electronically close mortgage transactions from a mobile device. Borrowers can close on a mortgage by connecting with the closing agent or notary remotely through its website, dubbed Clear Sign, to “help consumers complete […more]
Renderings by Redundant Pixel If you’re interested in buying an apartment at The Huron at 29 Huron Street in Greenpoint, you can now have a better idea of how much you’ll need in the piggy bank before listings emerge later this year. The project’s website launched on Wednesday, and in addition to pricing, you can catch up […more]
Chris asked how the current environment compares to the 2008 downturn. In the summer of 2008, there were only 601 NSDCC sales between June 1st and August 31st, in spite of there being 1,348 listings that summer. For the next two years, the number of listings far exceeded the number of sales, and in the […more]
All images courtesy of Mark Zhelezoglo for Hall des Lumières A new permanent museum dedicated to immersive digital art experiences opened inside a New York City landmark on Wednesday. Located in Tribeca at 49 Chambers Street, Hall des Lumières sits within the former Emigrant Industrial Savings Bank, which was constructed in 1911 in a Beaux-Arts architectural style. […more]
Higher mortgage rates – up nearly double over a year ago – cut into affordability and increase monthly payments for buyers. Rising rates are particularly challenging for buyers who may be struggling to afford their first home or those who hope to move up into a larger and more expensive property. While there are multiple […more]
Sandwiched between Astoria and Long Island City — and often overlooked because of it — this formerly sleepy industrial area is looking at big changes.