New York

The elimination of private activity bonds “would throw gasoline on a housing shortage," said John Chiang, California's treasurer.

As is the case with most communities across Western New York, Lockport has its share of "zombie" properties.

Homes on Staten Island are reaching "unaffordable levels," at a time when there are less homes on the market than buyers who want to purchase them.

Home sale prices in Western New York hit new peaks over the summer, as the region's housing market continued to churn past historic records.

It's a renter's market in New York, and after a year of being bombarded with landlord offers of gift cards and free months, apartment seekers are getting bored with all the perks.

The program to purchase and support affordable mortgages for New Yorkers will include an RBC unit and provisions for military veterans.

Wall Street firm Morgan Stanley is almost done completing tasks mandated under the terms of a mortgage settlement in New York.

Niagara Falls, N.Y., officials have filed what they say is among the first regional legal claims under a new state law meant to arm governments against the spread of urban blight.

The former president of a defunct Long Island, N.Y.-based national mortgage lender was sentenced in federal court in Central Islip to three years of probation and ordered to pay $20 million in restitution to taxpayers.

Fewer Long Islanders are drowning in mortgage debt as the housing market continues its slow recovery.

She said the plan was just one piece of a larger and more complex framework to address the city’s housing problem.

The shift to a purchase market and an increase in wholesale mortgage originations contributed to a nearly 17% year-over-year rise in fraud risk during the second quarter, according to CoreLogic.

Three executives from Vanguard Funding are facing fraud charges related to their alleged misuse of nearly $9 million in warehouse lending funds.

Zombie properties become the living dead as a result of bank foreclosures. They sit and often fall into disrepair — a situation likely to go from bad to worse.

Zucker previously oversaw debt issuance at the New York State Homes and Community Renewal’s Office of Finance and Development.

The mayor of Niagara Falls, N.Y. is asking local lawmakers to authorize the city's participation in a multi-jurisdictional land bank initiative, a non-profit organization officials say will be a tool to beat back urban blight.

The New York State Department of Financial Services hasn't issued a single penalty against a bank or mortgage provider for failure to maintain and secure a property more than a year after the law requiring this upkeep was signed and eight months after it went into effect.

Reporting requirements for title insurers and agents have been expanded to cover more types of high-end real estate transactions, the Financial Crimes Enforcement Network said.

A new state law meant to combat the blight of "zombie" homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island.

Recent data from an analytic company shows that Staten Island, N.Y., home values have increased dramatically over a 35-year period while income rates have not seen the same hike.