Washington Square owner owes more than $600,000 in property taxes

The far-east side shopping center appears on the list of delinquent properties for Marion County's next tax sale.

from
https://www.ibj.com/blogs/3-property-lines/post/64855-washington-square-owner-owes-more-than-600000-in-property-taxes

UPDATE: $15M Block 20 project snagged by appeal

Neighbors of the development proposed for a surface lot adjacent to the Athenaeum filed the appeal after a judge ruled against their challenge in July.

from
https://www.ibj.com/blogs/3-property-lines/post/64856-update-15m-block-20-project-snagged-by-appeal

Rates Tick Up After Jobs Report; Fannie and Freddie Echo FHFA's Profit Sweep Concerns

While it was far from a dramatic move mortgage rates ticked slightly higher after today's Employment Situation data, otherwise known simply as "the jobs report" or NFP (due to its headline component: nonfarm payrolls). On average, over time, NFP is the biggest market mover there is when it comes to economic reports. It's no surprise to see bond markets (which underlie mortgage rates) react. That said, today's NFP didn't necessarily warrant a reaction. Or rather, today's numbers could have gone either way based on past precedent. The problem today was that market participants were generally positioned for the report to come out slightly weaker than forecast. Instead, it came out slightly stronger (209k new payrolls were added in July versus estimates of 183k). That provided quick and easy justification

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/8/4/2923

Debate Over New Credit Scoring; Rates Lowest in a Month; ARMs Getting Easier

Within hours of each other Laurie Goodman, co-director of the Urban Institute's Housing Finance Policy Center, and Melvin Watt, Director of the Federal Housing Finance Agency, expressed quite different views on the need for an immediate change in the credit scoring models used in most mortgage underwriting. Goodman, writing in the Policy Center's blog, talks once again about the tight credit box for mortgage financing. The mortgage market, she says, is taking less than half the risk it took in 2001, a period of reasonable credit standards, and less than a third of what it took in 2006, when standards were what proved to be disastrously loose. The tightness is greatest regarding credit scores. UI attempted to quantif y this a while back and updates that exercise it in this article. Had the credit

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/8/3/2921

Washington Square owner owes more than $600,000 in property taxes

The far-east side shopping center appears on the list of delinquent properties for Marion County's next tax sale.

from
https://www.ibj.com/blogs/3-property-lines/post/64855-washington-square-owner-owes-more-than-600000-in-property-taxes

UPDATE: $15M Block 20 project snagged by appeal

Neighbors of the development proposed for a surface lot adjacent to the Athenaeum filed the appeal after a judge ruled against their challenge in July.

from
https://www.ibj.com/blogs/3-property-lines/post/64856-update-15m-block-20-project-snagged-by-appeal

Rising Rents Lead to Increased Homeless Population

If New York metro rents grow five percent, 3,000 more people will be forced into homelessness

from
http://zillow.mediaroom.com/2017-08-03-Rising-Rents-Lead-to-Increased-Homeless-Population