Michael Gersitz

Housing starts plummet to a five-year low

Housing starts plummeted to a five-year low in April as builders paused activity amid the COVID-19 pandemic. Starts on both multifamily and single-family units dropped 30%, the biggest monthly decline in six decades of records, to a seasonally adjusted annual

Who’s on the hook when money disappears due to wire fraud?

Wire fraud is a source of significant harm to financial institutions, with an estimated $1.77 billion stolen in 2019, according to the FBI. For mortgage companies, the vulnerabilities surrounding the closing table constitute an especially big risk. Excited and anxious

Monster Loans ordered to repay $18 million to cheated customers, but many won’t get their money back

Monster Loans, a California mortgage company that uses the tagline “So easy…it’s scary,” was allegedly the front for a complex scheme that illegally pedaled student debt relief services to millions of people whose information was unlawfully obtained from Experian, the

Fraudulent rental applications have spiked during pandemic

Rental application fraud has risen 9% month over month since COVID-19 hit, according to a report from real estate tech company Snappt. Snappt surveyed 100 residential property managers who manage more than 1,000 units and found that 66% had been

Mortgage refinancings set to surge to a 17-year high

If you’re in the mortgage business, fasten your seatbelts. Refinance volume is set to spike to a 17-year high this year as mortgage rates fall to the lowest levels ever recorded, Fannie Mae said. Even as other parts of the

Has the mortgage forbearance curve flattened?

It’s been nearly two months since the number of borrowers who need forbearance on their mortgage began spiking due to coronavirus shutdowns, but it looks like the forbearance curve may be flattening. New data from the Mortgage Bankers Association shows

Williamsville

Williamsville is a village in Erie County, New York, in the United States. The population was 5,300 at the 2010 census. The village is named after Jonas Williams, an early settler. It is part of the Buffalo–Niagara Falls Metropolitan Statistical

Wheatfield

Wheatfield is a town in Niagara County, New York, United States. The population was 18,117 at the 2010 census. The name stems from the agricultural use of the town lands, the growing of wheat. The Town of Wheatfield is east

Depew

Depew is the proud home to 15,303 residents and many small and large businesses. This historic village, incorporated in 1894 as a railroad town, is one of the largest villages in Western New York. We are situated just 10 miles

Kenmore

Kenmore is a special community which has received national acclaim. It was recently named one of the “Top 10 Great Neighborhoods” in the United States! In addition, the Village (along with the Town of Tonawanda) was named by Business Week

North Tonawanda

North Tonawanda is a city in Niagara County, New York, United States. The population was 31,568 at the 2010 census. It is part of the Buffalo-Niagara Falls Metropolitan Statistical Area. The city is named after Tonawanda Creek, its south border. Tonawanda in the Seneca tongue means “Swift Running Water”. Tonawanda Creek,

Clarence

Clarence is a town located in the northeastern part of Erie County, New York, United States, northeast of Buffalo. The population was 30,673 according to the 2010 census. This represents an increase of 17.42% from the 2000 census figure.

East Amherst

ast Amherst is a suburban hamlet 16 miles northeast of downtown Buffalo, New York, Erie County, New York, United States. It straddles the towns of Amherst and Clarence, and comprises the majority of ZIP code 14051, and some surrounding areas.

Cheektowaga

Cheektowaga comes from the Erie-Seneca Indian word, Ji-ik-do-wah-gah, or “place of the crabapple tree.” The earliest Indian dwellers were Neutrals, who lost their lands to the Seneca tribe of the League of the Iroquois. For almost a century, this area

Lancaster

Lancaster is a village in Erie County, New York, United States. As of the 2010 census, the village population was 10,352. It is part of the Buffalo–Niagara Falls Metropolitan Statistical Area. The village of Lancaster is in the west part

Tonawanda

Tonawanda (formally, the Town of Tonawanda) is a town in Erie County, New York, United States. As of the 2010 census, the town had a population of 73,567. The town is at the north border of the county and is

Buffalo

Buffalo is the second largest city in the U.S. state of New York and the largest city in Western New York. As of 2019’s census estimates, the population was 255,284.

Amherst

Amherst (/ˈæmhərst/ (listen)[3]) is a town in Erie County, New York, United States. Amherst is the most populated town in upstate New York, and an inner ring suburb of Buffalo. As of the 2010 census, the town had a total population of 122,366.[4] This represents an increase of

Author: Michael Gersitz