Fraud allegations against rental owners reach new high

Regulators and prosecutors are cracking down on landlords who’ve been falsifying income and expense data on crucial loan documents, according to a new feature published by “The Wall Street Journal.” Continue reading

NYC’s rep falters amid lower economic, real estate prospects

The Big Apple ranks behind 18 other cities, including Boston, Seattle, and Boise, Idaho, when it comes to factors such as post-COVID urban recovery, commercial real estate, mass transit, crime, outmigration, and work-from-home trends, according to Mich… Continue reading

JPMorgan is set to become America’s next big landlord

Weeks after the banking giant unveiled a new property management system for rentals, JPMorgan announced it’s investing in a $1 billion single-family built-for-rent venture. Continue reading

Manhattan’s luxury market sees worst sales week since Aug. 2020

Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why. Continue reading

Young buyers disproportionately impacted by economic fallout

According to Down Payment Resource’s latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April’s record layoffs. Continue reading

JP Morgan Chase temporarily terminates HELOC loan offering

Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on “existing customers.” Continue reading

Wells Fargo hires mortgage tech chief from JP Morgan

Steve Hagerman will serve as Wells Fargo’s head of consumer lending technology and will be responsible for the bank’s new and emerging technology platforms. Continue reading