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New surveys detail pessimism among homebuyers and sellers

Fannie Mae's Home Purchase Sentiment Index reached its lowest level since November 2011.

Port Chester apartment complex The Castle sells for $38.5M

JLL Capital Markets arranged financing for the acquisition, placing a $28 million loan with Fannie Mae.

Raveis Real Estate meets with U.S. Treasury over new tax code’s...

“There’s now less incentive to get a larger mortgage because you can’t deduct it," says Ryan Raveis. "For younger generations particularly, who are typically loaded down with student debt and are living at home, home ownership of their own – which has always been seen as a way of building equity – is getting harder to come by.”

CT Housing Finance Authority adds new mortgage for first-time homebuyers

The Connecticut Housing Finance Authority's Freddie Mac HFA Advantage loan offers lower mortgage insurance costs.

Banks reach $8.5B foreclosure deal

Ten of the country's largest mortgage servicers agreed to pay a combined $8.5 billion over mortgage loan servicing and foreclosure processing abuse claims.

DOJ sues Bank of America for $1 billion

A Manhattan U.S. attorney is suing Bank of America Corp. for over $1 billion for allegedly selling defective mortgages from at least 2007 through 2009.

Blumenthal warns FHFA

U.S. Sen. Richard Blumenthal spoke out against plans by the Federal Housing Finance Agency to hike fees on Connecticut borrowers.

Bridgeport sues Fannie, Freddie

The city of Bridgeport filed a class action lawsuit Aug. 20 against Fannie Mae and Freddie Mac, claiming the two companies haven't paid taxes in real estate transfers.

New York to see less of $25B mortgage settlement

The settlement between the top mortgage servicers and 49 states may be felt less in New York than in states with weaker housing markets.