New Effective Know Before You Owe Mortgage Disclosure Rules

On October 10, 2017, amended rules were published in the Federal Register that will provide greater clarity and certainty to the Know Before You Owe, or TILA-RESPA Integrated Disclosure Rules (TRID). Receiving a mortgage, especially if it is your first, is likely to be the biggest financial decision you will ever make. You want to…

Breakfast With the Bankers and a Side Order of Ability to Repay Over Easy

Last week, the Empire State Mortgage Bankers Association (ESMBA) held a Breakfast Meeting in which ESMBA members and their guests networked and listened to an analysis on how to deal with the Federal Reserve Board (FRB)’s proposed Ability-to-Repay rule. The rule is intended to satisfy Dodd-Frank’s Ability-to-Repay requirements byLender Compliance Group’s President, AGMB’s strategic alliance partner, and featured…

NYTimes – Loans for Multifamily Homes

Neil is referenced in a New York Times Real Estate article highlighting possible unforeseen difficulties in qualifying for mortgages on rental units, as opposed to single family residencies.  Click here to read the full NYTimes article.   © 2018 Abrams Garfinkel Margolis Bergson, LLP. All Rights Reserved. Attorney Advertising: Please note that prior results do not guarantee a…

Real Deal – Proposed NYS real estate ad rules stir debate

Neil Garfinkel is quoted in this week’s issue of The Real Deal in an article describing some of the disagreements stalling the overhaul of the NYS real estate advertising rules.  Though REBNY and NYSAR agree on most of the proposed regulations, click here to read the full Real Deal article outlining their split on the issue.   © 2018 Abrams…

Consumers Digest: Banks’ turnabout on reversing your mortgage

Neil Garfinkel is referred to in a September 2011 article for Consumers Digest, updating consumers about reverse mortgages and their consequences.  Neil’s advice in the online post can be read in full by clicking here.   © 2018 Abrams Garfinkel Margolis Bergson, LLP. All Rights Reserved. Attorney Advertising: Please note that prior results do not guarantee a…

New York, Texas Have Highest Closing Costs

Neil is quoted by Bankrate.com in a July 18th article highlighting their 2011 closing costs survey, which is performed annually.  To read the full article, please click here.   © 2018 Abrams Garfinkel Margolis Bergson, LLP. All Rights Reserved. Attorney Advertising: Please note that prior results do not guarantee a similar outcome.

NYTimes – When the Seller Is the Lender

Neil is referenced in the New York Times’ Real Estate section in an article published June 2, 2011.  The article highlights the recent drop in equity values and it’s impact on mortgage financing options – through the banks or sellers themselves.  Read the full article here. (Note: The same article was also published on the web on Lender Newscast: Online Mortgage…

Avoiding Refinancing Costs After Divorce

Neil is featured in this week’s Real Estate section of The New York Times in an article describing the effects of divorce on a mortgage and the release of liability. Please click here to read the article.   © 2018 Abrams Garfinkel Margolis Bergson, LLP. All Rights Reserved. Attorney Advertising: Please note that prior results do not guarantee a similar outcome.

Rushing to Meet Start Date (Loan Originator Compensation Rules)

Neil Garfinkel is referenced in the following story that appears in Origination News and National Mortgage News. “Rushing to Meet Start Date” By Brad Finkelstein Waiting until the last minute to comply with changes to mortgage origination rules and regulations might be a common occurrence. But many firms, both wholesale and retail, seem to be taking longer to…

All About Short Sales – AOL Real Estate

Neil was recently featured in a story by AOL Real Estate regarding short sales. To view the video click here. <form role=”search” method=”get” id=”searchform” class=”searchform” action=”http://agmblaw.com/”> <div> <input type=”text” value=”” name=”s” id=”s” style=”width:100%;line-height:2em;font-size:16px;padding-left:10px;border:none;padding-top:10px;” placeholder=”search i.e. lawyers, locations, practices, news”> </div> </form> Home      Offices      Contact Us      Terms of Use      Privacy Policy 1430 Broadway, 17th Floor, New York, New York 10018  |…