Dodd-Frank on its death bed? What you need to know.


A plan to ease banking regulations has passed its first hurdle in the House of Representatives. This Fox Business article explains the changes that will occur if the bill passes the Senate. The House of Representatives passed the Financial Choice Act recently, a bill that would significantly roll back a multitude of financial regulations implemented … More Dodd-Frank on its death bed? What you need to know.

Rebranding neighborhoods may land real estate brokers in legal trouble


Brokers Beware! This article from Curbed NY explains why brokers should resist renaming neighborhoods as part of their marketing plan. What’s in a neighborhood name? A lot, at least when it comes to New York real estate. The practice of brokers giving existing neighborhoods new, ridiculous monikers is not quite as old as time, but … More Rebranding neighborhoods may land real estate brokers in legal trouble

Millennials Get A New Way To Clear The Down Payment Hurdle To Homeownership


This recent article in Forbes.com offers some creative options for those struggling to come up with the down payment needed to purchase their first home . When Gallup polled Americans recently about what they consider the best long-term investment, more picked real estate than chose stocks, bonds or gold. Yet a handful of startups are … More Millennials Get A New Way To Clear The Down Payment Hurdle To Homeownership

The Revocable Trust: A Better Option to Joint Ownership


While joint ownership of real estate is a popular method for avoiding probate in the event of an owner’s death, this arrangement also has its drawbacks. Generally, real estate may be seized or at least considered as an asset for all owners, including joint owners who were added to a title for the very purpose … More The Revocable Trust: A Better Option to Joint Ownership

Reminder: Private Mortgage Insurance is Temporary


Private Mortgage Insurance or PMI lets home buyers enter into a mortgage with as little as 3.5% down. The lender will require that this coverage continue until the borrowers equity is 20% of the home’s value. This NY Times article serves as a good reminder to borrowers on the fact that this rather expensive insurance … More Reminder: Private Mortgage Insurance is Temporary

Ending Marketing Agreements Between Lenders and Real Estate Brokers


More lenders such as Wells Fargo are doing away with marketing service agreements or MSA’s with real estate firms as Federal Regulators have begun cracking down on some of these arrangements as violations of anti-kickback  laws. This Realtor.org article explains the recent actions taken against lenders that have made some do an about face on these … More Ending Marketing Agreements Between Lenders and Real Estate Brokers

Better Safe Than Sorry – Dealing With Building Code Violations


New York City has been cracking down on building owners to make sure that owners maintain their buildings. This recent article in The Cooperator explains why the building code in NY is unique and what building owners should be prepared to do to stay in compliant. Those of us without engineering degrees tend to take … More Better Safe Than Sorry – Dealing With Building Code Violations

New Fannie Mae Mortgage Product For Low and Moderate Income Borrowers


On August 25, Fannie Mae announced that it will begin offering HomeReady, a mortgage loan product featuring new flexibilities for lower to moderate income borrowers. For the first time, income from a non-borrower household member can be considered as a means to qualify for a Fannie loan. In addition, borrowers can include funds received from … More New Fannie Mae Mortgage Product For Low and Moderate Income Borrowers