Residents of largely non-white neighborhoods in New York City were far more likely to receive a subprime loan than those in largely white neighborhoods, regardless of the borrower's race, according to a new study from NYU's Furman Center.
The study, which controlled for differences in income and loan amounts, found that [...]
The main $3 billion mortgage for Stuyvesant Town and Peter Cooper Village has been transferred to a "special servicer," according to the rating agency Fitch, a significant step taken when loans are in default or on the verge of default.
The owners of the giant 11,200-unit Manhattan [...]
In 2008, 3797 city employees called the New York City Conflicts of Interest Board and asked for a legal opinion about a transaction--or other action--they were thinking about doing that might ...
Continue reading "Barrett: Did Bill Thompson Get Ethics Clearance for His Bad Loans? " [...]City comptroller and Democratic mayoral candidate Bill Thompson and his wife Elsie McCabe received three loans totaling $1.4 million from Amalgamated Bank, which calls itself "the labor bank" and ...
Continue reading "Barrett: Bill Thompson Received Millions in Loans from the "Labor Bank" He's Promoted as" [...]
