MERABI ORGANIZATION GROUP, LLC. (MOG) IS FAMILY OWNED. A PRIVATE OWNERS OF COMMERCIAL REAL ESTATE IN THE U.S. WE HAVE GROWN FROM A SMALL PROPERTIES OWNER FIRM TO A LARGE REGIONAL REAL ESTATE ENTERPRISE, OWNING AND OPERATING BUILDINGS PRIMARILY IN THE NEW YORK CITY, NEW JERSEY AND LOS ANGELES REPRESENTING CLASS A LUXURY RENTAL OF OFFICE, RETAIL, RESIDENTIAL , AND HOSPITALITY PROPERTIES. AT MOG, THE EXPERTISE HOUSED UNDER ONE ROOF IS EXTRAORDINARY. WE ARE STAFFED TO BUILD EVEN THE MOST COMPLEX DEVELOPMENTS, WHETHER COMMERCIAL, OR RESIDENTIAL, QUICKLY AND ECONOMICALLY WITH IN-HOUSE ARCHITECTURAL, CONSTRUCTION, DESIGN, ENGINEERING, LEGAL, MARKETING AND FINANCIAL DEPARTMENTS, AS WELL AS A NEW DEPARTMENT JUST FOR FORECASTING AND RESEARCH SINCE 2008
Mortgage Forbearance Rate Up Near 8%, Housing Assistance Fund Proposed
The mortgage forbearance rate increased again last week, rising to 7.91% from 7.54% a week earlier, per the Mortgage Bankers Association (MBA). That marked the smallest weekly increase (4.91%) since…
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Stewart's layoffs, other cost-cutting measures expected to save $60M
The title insurer did not disclose the number of layoffs. Source: Mortgage
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Housing markets improved where real estate deemed essential: Redfin
In a study of four metro areas, housing supply and demand gained momentum in the second half of April, even where the COVID-19 curve continued to grow. Source: Mortgage
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Syracuse mall bonds downgraded after coronavirus-forced shutdown
An indefinite closure of New York retail businesses during the COVID-19 pandemic added credit pressure on revenue bonds issued for the state’s largest mall. Source: Mortgage
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Can a Landlord Enter a Tenant’s Home if It’s Currently Empty?
Landlords cannot arbitrarily take possession of any apartment, whether or not we’re in the middle of a health emergency. Source: NYTIMES
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$2.8 Million Homes in California
A 1938 storybook home in Mill Valley, a new house in San Jose and a midcentury hacienda in Pasadena. Source: NYTIMES
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Boise's home shortage drove prices up, now virus threatens new supply
It's unclear how the impact of coronavirus on the economy will change the Boise housing market, but it seems unlikely to bring more than a brief halt to the trends…
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A Dream Commute from Weehawken
Downsizing from a suburban family home in New Jersey to a waterfront apartment gave one commuter back several hours of her life every day. Source: NYTIMES
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No Natural Light? No Problem
Fake plants are bringing some joy to homebound lives. Source: NYTIMES
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CFPB gets earful from consumers about mortgage servicers
Complaints to the bureau hit an all-time high in April. More than one in five said servicers wouldn't grant deferrals, forced borrowers into forbearance or violated other requirements of the…
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