NYC mortgage delinquencies up 74%
May 1, 2008
More New York City mortgage borrowers are behind in their payments than ever before.
According to a report by TransUnion.com, a credit and information management firm, the percentage of mortgage borrowers in the New York City area who were 60 or more days past due on payments reached 2.5% in the fourth quarter, the highest since [...]
Parking Ticket Bill Parked In the Council
May 1, 2008
A bill that would allow some businesses to pay reduced fines on certain parking tickets is coming under fire, delaying its passage.
The bill would make permanent an existing voluntary program that allows businesses to waive the right to contest parking tickets in exchange for having some fines reduced or eliminated. Proponents of the bill say [...]
Delays in $4 Billion Brooklyn Development Are Challenged in Tenants’ Lawsuit
May 1, 2008
The ever-lengthening timeline for completing the $4 billion Atlantic Yards project near Downtown Brooklyn is not just bad news for those who hoped to see the project’s basketball arena, office towers and apartment blocks completed quickly.
It is also, according to a lawsuit filed Wednesday, illegal.
The suit challenges an agreement between the project’s state sponsor, the [...]
