real estate

Cracking Down on Fraudulent Mortgage Practices

George White

City, state and federal agencies have been stepping up efforts to stamp out fraudulent mortgage practices that target communities of color, pricing discrimination and redlining among them. Redlining, the practice of denying credit to qualified applicants who seek loans for homes in specific neighborhoods, is illegal under the 1968 Fair Housing Act. However, a Buffalo-area bank on September 10 agreed to pay nearly $1 million to settle a lawsuit that alleges it redlined a large, predominantly black community in that city.

Recent Housing Boom Draws Exiles Back to Cuba

Louis E.V. Nevaer

Just over a year after the Cuban government permitted the first sale of real estate between private parties, a housing boom is emerging in Havana. Fueled by an influx of foreign capital, much of it from Mexico, for Cuban exiles the boom is proving to be a major draw. It also comes amid signs that the Castro regime, which has ruled Cuba since 1959, may be nearing its end. Since November of 2011, when the country saw its first real estate deal in half a century, there has been a sustained rise in housing prices, particularly in Havana. 

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