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April 1, 2017

New York Judge finds foreclosure time-barred and cancels Mortgage: Costa v. Deutsche Bank

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Read Costa v. Deutsche Bank here: Costa v. Deutsche Bank 2017 03 29 Unlike Florida where there is no statute of limitations and every missed mortgage payment resets the clock, New York enforces the statute of limitations for debt collection including mortgages. A federal judge has granted two New Rochelle, New York homeowners’ request to …

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Housing Bubble II: A Fed official warns that another real estate bubble could collapse financial stability

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http://www.businessinsider.com/commercial-residential-real-estate-risk-financial-stability-2017-3 By Wolf Richter, Wolf Street The Fed caused it, but it won’t do much to contain it. Last year, Boston Fed President Eric Rosengren — considered a “dove” on the Fed’s policy-setting committee — started warning about the commercial real-estate bubble in the US and what its demise could do to banks. But in …

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