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Manhattan House Problems

Started by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
can't remember who it was that predicted the Manhattan House problems, but looks like they were right... http://ny.therealdeal.com/articles/elliman-retail-partner-buys-at-manhattan-house The move comes at a time when several major commercial banks, including Citibank, have decided not to underwrite mortgage loans at Manhattan House or have asked buyers for down payments of up to 50 percent. JPMorgan Chase officials said they were only following guidelines set by Fannie Mae and Freddie Mac, which call for banks to lend in new condo conversions only when more than half of available units are sold.
Response by rsmith
about 17 years ago
Posts: 3
Member since: Nov 2008

For more info on Manhattan House, see the Manhattan House Tenants' Blog at: http://200east66street.blogspot.com.

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