real estate news 2020
- REAL ESTATE
Private island in Alaska to hit the market for $20M
Passage Island (Fay Ranches, iStock) A private island in Alaska that adds 12 acres at low tide will hit the…
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How Do I Prove That I Can Pay the Rent if I Don’t Have a Monthly Salary?
Q: I’m a retiree with no income but significant liquidity, and I’m wondering how a person without a traditional source…
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To Thwart Barnett, Hell’s Kitchen Landlord Files Bankruptcy
Extell’s Gary Barnett, Robert Gans and an aerial of 616 11th Avenue (Robert’s Steakhouse, Google Maps) Robert Gans, owner of…
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Ex-employees sue FGMC for discrimination, retaliation
Three former employees are suing First Guaranty Mortgage Corporation (FGMC) and financial backer Pacific Investment Management Company (PIMCO), alleging they…
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Pandemic loss mitigation had a 10% redefault rate in June
Early numbers suggest mortgages in COVID-19 loss mitigation programs will have a 10% redefault rate, according to the Federal Reserve…
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After 50 bps fee backlash, FHFA will review capital rule
The Federal Housing Finance Agency (FHFA) will review the enterprise regulatory capital framework in the “near term,” officials said — after getting an…
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Kohl’s Looking to Cash in on $8B Real Estate Portfolio
Kohl’s CEO Michell Glass (Kohl’s, iStock) Sale talks between Kohl’s and Franchise Group are off. A sale of Kohl’s massive…
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MSR market closes June on $5.2B high note, but has it peaked?
The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On…
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Bronx BP Vanessa Gibson Backs Throggs Neck Rezoning
From left: Marjorie Velázquez, Vanessa Gibson, and Dan Garodnick with Bruckner Boulevard (Getty, NYC Department of City Planning) In one…
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AnnieMac buys OVM to expand mid-Atlantic coverage
AnnieMac Home Mortgage, a nationwide lender based in Mount Laurel, New Jersey, is expanding its mid-Atlantic reach through its acquisition…
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