The Cooperator Events Presents a Virtual Town Hall: Complying with Fannie Mae and Bank Guidelines for Funding Your Next Capital Project. Sponsored by Czarnowski & Beer LLP Thursday January 26, 2023 at 2:00PM EST WATCH ON DEMAND! After th…
According to a new study by Construction Coverage examining where and to what degree homebuyers are most impacted by rising mortgage interest rates, those rates are now more than double what they were in early 2021. As a result, spirali…
‘Jumbo loans.’ It’s a term we hear frequently and see advertised regularly. But what exactly is a jumbo loan, and how did ‘jumbos’ come to be? Origins The world of home loans -- including co-op and condo mortgages -- has changed and evo…
There are few feelings worse than encountering an unexpected expense and finding the piggy bank empty. That is why reserve funds and reserve studies are such important elements in the financial well-being of co-ops, condos, and homeowners’ …
The experience of condo and co-op board members can often feel like a juggling act. There are varied interests in the community that want different things. There's legal counsel, financial advisers, and managers who try to offer the best pr…
Sometimes the future seems like it’s an awfully long way away. If a roof is going to last 30 years, why should we worry about it today? Same with that shiny new boiler or that flat, crack-free pavement just poured two summers ago. Eventuall…
A quote often attributed to the Prussian statesman Otto von Bismarck in the mid-1800s says something to the effect that laws are like sausages—it's better not to see either of them being made. It's a clever quip, and it's not entirely inac…
These days, just about everyone is cutting back on spending, either to make ends meet, saving for something special or a rainy day, paying off debt or funding their retirement. Consumers are cutting coupons, looking for deals and keepin…
The New York State legislative season is here again, and bills of all kinds are being considered, including housing. Some of these bills directly impact co-op and condo board members, managers and residents. Housing is also on the agend…
The words “housing crisis” still have the power to send shivers down the spines of homeowners who are still feeling the effects of the collapse of the market in 2008. That collapse was itself triggered for the most part by the writing o…