Beacon Real Estate News
Real Estate news for Beacon, NY continually updated from thousands of sources.
Thursday Nov 20 | via The Warwick Advertiser
In Orange County, mortgage fee collections dropped from approximately $2.17 million in the first nine months of 2013 compared to the same period a year earlier to $1.16 million, for a decline of 46 percent. In Dutchess County, the county's mortgage tax revenue declined from $4,773,163 to $4,183,875 for the same period, a 12 percent difference. Comment?
Oct 21, 2014 | via Times Herald-Record
WHITE PLAINS – A Dutchess County woman was sentenced Tuesday in federal court to 51 months in prison and three years of supervised release for a series of frauds against the Internal Revenue Service and banks. Melanie Ferreira, 61, of Lagrangeville was convicted at trial of wire fraud, bank fraud, filing false claims with the IRS and obstructing and impeding internal revenue laws. Comment?
Jun 5, 2014 | via The Chappaqua Daily Voice
PAWLING, N.Y. A Dutchess County home built by an early Hudson Valley settler recently hit the market in the Quaker Hill section of Pawling, N.Y. And despite its age, the 267-year-old, four-bedroom listing has all the conveniences of modern living. Comment?
May 10, 2014 | via Examiner.com
It's Saturday morning and I can't wait to pen this story. This week has seen a flurry of behind the scenes activity after a Dutchess County Judge issued rulings not once but twice that seem to turn New York State's banking law on its ear, and clear the way for a wild west mentality among private hard money lenders. Comment?
23 hrs ago | via Albany Times Union
In this Tuesday, July 16, 2013, file photo, a customer uses an ATM at a Bank of America branch on Peachtree Street, in Atlanta. U.S. bank earnings rose 7.3 percent in the July-September quarter of 2014, from a year earlier, as banks reduced their expenses and continued to lend out more money, which helped drive up revenue. Comment?
Monday | via Housing Wire
The Center for NYC Neighborhoods and the national Lawyers' Committee for Civil Rights Under Law released a joint report on foreclosure rescue scams. The report , titled "Who Can You Trust? The Foreclosure Rescue Scam Crisis in New York," combines quantitative data on national trends from the Lawyers' Committee and qualitative data from focus groups coordinated by the Center. Comment?
Sunday Nov 23 | via The Real Deal
Scammers are conning millions out of cash-strapped New York homeowners, according to a new study to be released Monday. Some 2,700 families across the state have been affected by foreclosure scams, which offer false promises of loan modifications, and the problem is particularly acute in the Southeast Brooklyn, Northeast Bronx and Southeast Queens, according to the New York Post. Comment?
Friday Nov 7 | via Theflyonthewall.com
Information Management Network to hold a symposium Private Label RMBS Reform Symposium is being held in New York on November 12. Lawsky reports a positive for mortgage space, says FBR Capital FBR Capital views reports of New York Department of Financial Services Superintendent Benjamin Lawsky's plans to step down in 2015 as a positive for mortgage servicing space. FBR notes Ocwen Financial has been the company under the most scrutiny with Lawsky in charge and that Nationstar Mortgage ) has also received a letter from the regulator. Comment?
Wednesday Nov 19 | via Housing Wire
The third-quarter report from RealtyTrac on flipping shows that 26,947 single-family homes were flipped nationwide in the third quarter of 2014 - where a home is purchased and subsequently sold again within 12 months - representing 4% of all U.S. single-family home sales. That's down from 4.6% in the second quarter of 2014 and down from 5.6% in the third quarter of 2013 to the lowest level since the second quarter of 2009. Comment?
11 min ago | via The Real Deal
In addition, 2014 will likely be the weakest year for new home loans since 2000, according to numbers from the Federal Reserve Bank of New York cited by the Wall Street Journal. The amount of mortgage lending per quarter averaged $357 billion a quarter, the lowest since 2001, according to the newspaper. Comment?
1 hr ago | via Deseret News
Homebuyers have a lot to be thankful for this holiday season. Interest rates remain low. Comment?
17 min ago | via Mortgage News Daily
Mortgage rates moved lower again today , solidifying yesterday's tentative break back into the "high 3's" for top tier 30yr fixed rates. In fact, in terms of end-of-day rate sheet data, today's rates are actually the lowest in more than a year and a half. Comment?
20 min ago | via National Mortgage News
The Census Bureau's recently released biennial American Housing Survey is a treasure trove of interesting stuff about the country's housing stock. The report, sponsored by the Department of Housing and Urban Development, contains facts and figures like the number of U.S. homes that have more than two bathrooms or more than four bedrooms. Comment?
20 min ago | via National Mortgage News
Anyone will tell you that Thanksgiving is about giving thanks for all of the wonderful things that we enjoy in our lives throughout the year. That's true. Comment?
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