Scott Latham, one of the most powerful commerical real estate brokers in New York, says that Chinese investors are making approaches to buy Manhattan properties.
“They are coming,” he told the Reuters Global Real Estate Summit in New York on Monday. “We’ve seen them in the bidding process over the past four months on a number of assets we’ve handled.”
The FBI unveiled “Operation Malicious Mortgage” and charged more than 400 people of fraud.
The same day that two former Bear Stearns hedge funds managers were arrested and indicted for securities fraud, the FBI unveiled a big mortgage fraud investigation.
Bobbi Rebell reports.
Reuters.com:
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