Tag Archives: Federal Reserve Bank of New York

When Applying For A Mortgage, Is Riding On A Rocket Always Your Best Option?

space rocket photo

You’ve likely seen the mortgage commercials where lingo is used that some in the spot are apparently not familiar with, only to be clued in by Keegan-Michael Key!  These are funny spots no doubt, but when it comes to something as financially important for a consumer as buying a property, while at the same time […]

What Impact Has GTO, FinCEN’s Anti-Money Laundering Geographic Targeting Orders, Had On The Luxury Residential Real Estate Market?

In 2016 the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) implemented its Geographic Targeting Orders, or GTO (January 2016 announcement here)! What was the purpose of this 2016 reporting rule that required title insurance companies in specific high-end residential real estate markets around the United States, to drill down and find who the […]

Household Debt Chart: How much do Americans owe?

title insurance, New York,New York City,Long Island,Michael Haltman

Follow @Hallmark Abstract Service Household debt is once again on the rise ($11.52 trillion) and is not that far behind the Q3 2008 peak! Most Americans are very aware of what they owe to someone else whether it be for a mortgage, a car loan, student loans, credit cards or very possibly for all four […]