Arcade Real Estate

Featured Article

• Do New Mortgage Rules Make Borrowers Safer?

  Wednesday Jul 16 | via Realty Trac 

  You could hardly miss the headlines this week: More than 1,000 news outlets covered new rules from the Federal Reserve designed to "protect" America's mortgage borrowers.

  Comment?

  Related Topix: Home, Foreclosures, Mortgage, Mortgage, Personal Finance

Local Headlines

• Income falls at Financial Institutions in second quarter

  Thursday | via Democrat & Chronicle 

  The nation's housing woes are resulting in financial pain at Financial Institutions Inc.

  Comment?

  Related Topix: Wyoming County, NY, Banking, Financial Institutions, Financial Services, Home, Mortgage

• State Legislature acts on bills that affect the Rochester area

  Monday Jun 30 | via Democrat & Chronicle 

  ALBANY - Here is a compilation of bills acted on in this year's session of the state Legislature that affect the Rochester region.

  Comment?

  Related Topix: Albany Metro, Wyoming County, NY, Home, Mortgage, Mount Morris, NY, Rochester Metro, Rochester, NY

• Financial crisis fallout

  Apr 7, 2008 | via Business First of Buffalo 

  Bankers fear regulations will hurt small lenders Mark Webster Peter Humphrey of Financial Institutions Inc.

  Comment?

  Related Topix: Banking, Financial Institutions, Financial Services, Home, Mortgage, Mortgage, Personal Finance, Wyoming County, NY

• Foreclosures are higher in WNY's rural areas

  Feb 3, 2008 | via Buffalo News 

  The pain from the subprime mortgage meltdown is being felt the most in rural portions of Western New York - from Lakewood and Frewsburg to Gasport and LeRoy.

  Comment?

  Related Topix: Wyoming County, NY, Allegany County, NY, Allegany, NY, Housing

Regional Headlines

• Fitch Rates $100MM San Diego County (CA) Ser 2008B 'AA/F1+'

  19 hrs ago | via PR-inside.com 

  The long-term 'AA' rating reflects the county's very low debt burden, sound financial operations, and very strong and effective financial and debt policies, as well as concern over the economic and financial ...

  Comment?

  Related Topix: Housing, Real Estate, Financial Markets, New York

• NYC jury convicts former Haitian paramilitary leader in scheme to cheat mortgage lenders

  20 hrs ago | via Newsday.com 

  A Brooklyn jury found Emmanuel "Toto" Constant guilty on Friday of fraud and grand larceny.

  Comment?

  Related Topix: Mortgage, Home, New York

• Irwin shares soar after loan sale

  Yesterday | via IBJ.COM 

  Columbus-based Irwin Financial Corp. shares rose 25 percent this morning, in the first trading session since the company announced late yesterday that it was scaling back its exposure to the battered mortgage ...

  Comment?

  Related Topix: New York, Irwin Financial, Banking, Financial Services, Home, Mortgage, Mortgage, Personal Finance

• N.Y. jury convicts ex-Haitian strongman of fraud

  Yesterday | via Buffalo News 

  A once-feared Haitian paramilitary leader has been convicted in a New York mortgage fraud scheme to cheat lenders out of $1.7 million.

  Comment?

  Related Topix: Mortgage, Home, New York

• National City posts $1.76 billion loss for quarter

  Yesterday | via Lansing State Journal 

  NEW YORK - Regional bank National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions.

  Comment?

  Related Topix: New York, Home, Mortgage, National City Corporation, Banking, Financial Services

National Headlines

• U.S. Senate to Vote on Housing Bill

  5 min ago | via RedOrbit 

  The U.S. Senate, meeting in a rare weekend session, was poised Saturday to pass a landmark housing bill meant to ease the effects of mortgage crisis.

  Comment?

  Related Topix: Home, Mortgage, Mortgage, Personal Finance

• U.s. Congress Passes...

  5 min ago | via 102.9 CKDS-FM 

  U.S. Congress passed a housing rescue bill Saturday aimed at sparing 400,000 struggling homeowners from foreclosure.

  Comment?

  Related Topix: Foreclosures, George Bush, US Politics, US News, Home, Mortgage, Mortgage, Personal Finance

• Bill heads to Bush for signature

  5 min ago | via WLOS 

  The Senate has overwhelmingly approved a bill aimed at helping thousands of struggling homeowners fight off foreclosure.

  Comment?

  Related Topix: Foreclosures, Home, Mortgage, Mortgage, Personal Finance

• Federal Regulators Close Two More Banks

  6 min ago | via Z 106.7 Jackson 

  Federal regulators have closed two banks in the West, saying they were undercapitalized due to the poor performance of home mortgage loans.

  Comment?

  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Reno Metro, Reno, NV

• Housing rescue bill heads to Bush for signature

  6 min ago | via Examiner.com 

  Jul 26, 2008 10:03 AM By JULIE HIRSCHFELD DAVIS, AP Newly built homes are offered for sale at the Brookville & Heirloom development by Lennar, in Valencia, Calif.

  Comment?

  Related Topix: George Bush, Foreclosures, US Politics, US News, 2008 Presidential Election, Home Listing, Home