New York

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.

Blighted, abandoned properties in Hornell, N.Y., are not only in-check, according to officials, but they're declining at a rapid pace.