NEW YORK CITY-Massey Knakal Realty Services, a major player in the New York City realty market, has added a mortgage division to its portfolio of businesses, which will arrange mortgage loans for commercial assets.
The real estate market in the New York City is showing improvements from recession times as loan options are increasing, asset prices are stabilizing and banks are trying to market more foreclosed assets. Wall Street is also selling mortgages to investors through the securitized-mortgage market. For the full story, go to Wall Street Journal.
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