Emily Myers

JP Morgan Chase sent a memo to loan professionals saying the bank would now only be willing to lend 70 percent of the sale price for jumbo loans, forcing NYC buyers to up their down payments by an additional 10 percent. Other banks are expected to follow suit.

A Bronx pastor who sold his congregation's land to developers with the promise of getting a new church says he has nothing to show for it.

A controversial development along the waterfront in Queens with retail and residential space, including some affordable apartments, has won a crucial vote to move forward.

When the pandemic shut New York City down in March, Christopher Grant and Madison Shapiro left their apartments in Chelsea and Hoboken and moved in with Christopher’s parents in Amagansett, New York. But the couple wanted their own space and were eager to get back to the city. Their timing paid off and they landed an apartment in a full-service building in Tribeca with three months free and no broker fee.

Consult an Election Day cheat sheet if you still need to place your vote in today's election.

The impact of the coronavirus pandemic on incomes and job security is making the refinance process more complicated. Self-employed borrowers have experienced some tighter lending standards, say Ami Rosen, a lending officer with Citi. "Since many businesses have slowed down or shut down altogether, banks are requiring more proof that businesses are open and operating," he says.