The Real Deal - New York Real Estate News

Mr. Cooper cuts 5% of staff amid lender layoff wave

Posted: 06 Jun 2022 02:06 PM PDT

Mr. Cooper has falled in line with a dismal trend set off by rising mortgage rates. The Dallas-based loan servicing giant, laid off 420 employees, Inman reported. The layoffs, which mostly impacted the loan origination department of the company, follows a round of layoffs earlier this year that effected 250 employees. Industry publication Asset Securitization Report was first to report on the latest round of layoffs, which affected about 5 percent of the company’s workforce.

17-foot ceilings help Legion condo snag priciest contract of the week

Posted: 06 Jun 2022 01:00 PM PDT

For the third time in six months, a unit at Legion Investment Group’s in-progress 109 East 79th Street condominium was the priciest home of the week to enter into contract. Unit 6W was asking $16.85 million when a buyer signed a purchase agreement, according to a weekly report by Olshan Realty covering residential properties priced at $4 million and above between May 30 and June 5. The apartment is over 4,000 square feet and has