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Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative

Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative

by Phil Hall | Dec 22, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of New York (FHLBNY) announced a $225 million investment in a New York City Housing Development Corporation (HDC) bond issuance designed to create, rehabilitate, or preserve 6,320 units of affordable housing across an array of HDC’s housing...
NYC Personal Trainer Indicted in Rental Housing Scam

NYC Personal Trainer Indicted in Rental Housing Scam

by Phil Hall | Dec 17, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A New York City personal trainer was indicted for allegedly stealing over $100,000 from at least eight prospective tenants in a rental housing scam. According to the charges brought against him, 35-year-old Jerry Genesis falsely represented that he had apartments...
Hits and Misses for the Real Estate Week of Dec. 8-12

Hits and Misses for the Real Estate Week of Dec. 8-12

by Phil Hall | Dec 12, 2025 | Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers not shopping for the best mortgages, foreclosure levels on the rise, and Zohran Mamdani’s very un-socialist new home. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Dec. 8-12. Miss: A Missed Opportunity. A new...
NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House

NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House

by Phil Hall | Dec 11, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

A New York City man pleaded guilty in US District Court in Bangor, Maine, to submitting a false mortgage loan application and illegally maintaining a marijuana-involved premises. According to court records, Ken Yiu, purchased a house in Saint Albans, Maine, using an...
Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor

Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor

by Phil Hall | Dec 8, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

New York City Mayor-elect Zohran Mamdani and his wife, Rama, will take up residence in Gracie Mansion, the official residence for the mayor, after he is sworn into office on New Year’s Day. According to combined media reports, Mamdani will be trading in his...
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