New York

The global hospitality industry is facing the worst downturn in its history, and New York, the epicenter of the coronavirus outbreak in the U.S., is poised for a painful recovery.

An indefinite closure of New York retail businesses during the COVID-19 pandemic added credit pressure on revenue bonds issued for the state’s largest mall.

Manhattan homebuyers were already calling the shots in deals before the coronavirus hit. Now they're more in control than ever.

The Greater Capital Association of Realtors released market numbers, showing pending sales in March were down 21% from March of last year, and closed sales dropped by 10% compared to March 2019 as the impact of COVID-19 spreads through the local real estate market.

Future loss mitigation may be most effective if housing-finance industry stakeholders communicate clearly with consumers about these five aspects of the Coronavirus Aid, Relief and Economic Security Act.

New York's Real estate agents, home inspectors and residential appraisers are now considered "essential employees," according to the Empire State Development agency.

After years of bustling sales and rising prices, Buffalo's housing market has come to a screeching halt.

The regulation issued late on Tuesday directs state-regulated financial institutions to give mortgage borrowers at least 90 days of forbearance if they can show financial hardship resulting from the coronavirus pandemic. It also requires banks and credit unions to provide relief on ATM fees and credit card late payment fees.

New York Gov. Andrew Cuomo promised a 90-day moratorium on mortgage payments for financially strapped New Yorkers because of the coronavirus.

Coronavirus is spreading in New York City. But when it comes to real estate, fear of contagion only slightly trumps fear of missing out on a deal.

The pursuit of a dream home became a nightmare for apartment hunters who were scammed out of tens of thousands of dollars by an agent pushing a phony affordable housing scheme in Brooklyn, N.Y., authorities said.

It's been a rough decade for luxury Manhattan co-ops, and the future doesn't look so rosy either.

In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

Vision Property Management has settled accusations made by New York regulators of predatory lending practices for a total of $3.75 million in cash and forgiven mortgage loan balances.

If Amazon.com's botched expansion in New York City offers a cautionary tale, Google is showing there's another way.

Home sellers in the suburbs north of New York City discounted their way to a strong fourth quarter, whittling pricing to levels that even luxury buyers found appealing

Goldman Sachs is sponsoring a $1.33 billion bond offering backed by commercial mortgages, in the first rated conduit deal of the year.

Home sales in the borough slipped 1.2% in the fourth quarter, and that's the best news for the market in two years.

A trade group is looking into why New York Gov. Andrew Cuomo felt foreclosure risks were too high to sign a bill that would have approved reverse mortgages for cooperative properties.

The deadline for China Oceanwide to complete its acquisition of Genworth Financial was extended for a 13th time, following completion of the sale of Genworth MI Canada to Brookfield Business Partners.