Special Servicer Grabs Loan for Blackstone-Owned Building

Special Servicer Grabs Loan for Blackstone-Owned Building

In the latest sign of Los Angeles County’s office market’s slow post-pandemic recovery amid high vacancy and distress, a loan tied to a Blackstone property in Burbank has been transferred to special... Read more »
NYCB, a struggling B resi mortgage servicer, to receive B equity investment

NYCB, a struggling $78B resi mortgage servicer, to receive $1B equity investment

The Long Island-based bank was under more pressure after rating agencies Fitch and Moody’s downgraded its debt ratings on March 1. This followed the company’s disclosure of internal control deficiencies and a... Read more »
How hurricane-ravaged Texas and Florida have avoided a housing disaster — so far

How hurricane-ravaged Texas and Florida have avoided a housing disaster — so far

After Hurricane Harvey soaked Houston with 51 inches of rain last August, Amir Befroui, a foreclosure defense specialist at Lone Star Legal Aid, started planning for a very busy spring. That’s when... Read more »