Brooklyn 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.

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

Local Headlines

• Extreme Home Foreclosure

  12 hrs ago | via OhNoTheyDidnt 

  'Extreme Home Makeover' House Threatened With Foreclosure CLAYTON COUNTY, Ga. -- An Extreme Home Makeover may be going bust.

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  Related Topix: Clayton County, GA, Reality TV, Entertainment, Television, Foreclosures, Home, Mortgage, Mortgage, Personal Finance

• Well-known lawyer joins ex-Bear manager's defense: source

  Tuesday Jul 22 | via Earth Times 

  Veteran U.S. lawyer Brendan Sullivan is joining the defense team of indicted former Bear Stearns hedge fund manager Ralph Cioffi, a person close to the matter said on Tuesday.

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  Related Topix: Investment Banking, Financial Services, Bear Stearns, Investment Services, Home, Mortgage, Brooklyn, NY, New York, NY

• rent

  Monday Jul 21 | via The Real Deal 

  While condo buildings throughout the city are going rental to deal with the economic slowdown and fewer buyers, the decision to make that switch comes with complicated financial realities that vary from project ...

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  Related Topix: Home, Mortgage, Brooklyn, NY, New York, NY, Queens, NY, Manhattan, NY

• Real estate Web battle intensifies

  Monday Jul 21 | via Crain's NY Business 

  Brooklyn-based PropertyShark.com is set to launch residential listings, despite a national housing slump, as real estate sites attract more visitors.

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  Related Topix: Brooklyn, NY, New York, NY, Real Estate, New York Metro

• Ex-Bear Stearns Hedge-Fund Managers May Face More Charges in U.S. Probe

  Friday Jul 18 | via Bloomberg.com 

  Former Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin , indicted for fraud and conspiracy last month in the first case stemming from a federal probe of the mortgage-market collapse, may ...

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  Related Topix: Banking, JP Morgan Chase , Financial Services, Home, Mortgage, Brooklyn, NY, New York, NY

Regional Headlines

• National City posts $1.76 billion loss for quarter

  8 hrs ago | 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.

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

• Irwin to sell home equity loans for $1B

  2 hrs ago | via IBJ.COM 

  Columbus-based Irwin Financial Corp. said late yesterday that it has struck a deal to sell $1 billion of home equity loans to a New York firm and to securitize an additional block of loans with the same firm.

  Comment?

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

• For the Record: News and Notices from Local Elected OfficialsJuly 24, 2008

  13 hrs ago | via The Brooklyn Daily Eagle 

  Assemblywoman Janele Hyer-Spencer , Assemblyman Michael Cusick and Assemblyman Matthew Titone announced the Assembly passed legislation addressing the subprime mortgage crisis and providing some assistance to ...

  Comment?

  Related Topix: Subprime Mortgage Crisis, Home, Mortgage, Mortgage, Personal Finance, Foreclosures, New York

• Fed Report Portrays Grim Economy

  21 hrs ago | via Realtor Magazine 

  The Federal Reserve's Beige Book report for the latest six-week period portrays the economy as increasingly weak across most of the U.S. All 12 districts reported slower home sales, continuing big inventories ...

  Comment?

  Related Topix: Housing, New York, Mortgage, Home

• National City Rises as Chief Executive Says Bank Has `Sufficient Capital'

  22 hrs ago | via Bloomberg 

  National City Corp. rose as much as 11 percent in New York trading after Chief Executive Officer Peter Raskind said the bank, Ohio's largest, has enough capital to survive the credit-market contraction.

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  Related Topix: New York, Home, Mortgage, Mortgage, Personal Finance, National City Corporation, Banking, Financial Services, IndyMac Bancorp

National Headlines

• Washington Mutual Bond Risk Rises as Credit-Default Swaps Climb to Record

  1 min ago | via Bloomberg Business News 

  The cost to protect Washington Mutual Inc. bonds from default rose for a third day to a record amid concern that the biggest U.S. savings and loan won't be able to weather the worst housing crisis since the ...

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  Related Topix: Financial Services, Stamford, CT, Stamford Metro, New Haven Metro, Financial Markets, Home, Mortgage

• Foreclosure Filings More Than Double

  1 min ago | via KNBC Los Angeles Channel 4 

  The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.

  Comment?

  Related Topix: Irvine, CA, Stockton Metro, Stockton, CA, Housing, Foreclosures

• Housing rescue on track to pass Senate by Saturday

  1 min ago | via WAND-TV Decatur 

  The Senate has cleared the last hurdle to passing a massive housing rescue bill.

  Comment?

  Related Topix: US Politics, US News, 2008 Presidential Election, George Bush, Foreclosures, Mortgage, Personal Finance

• Michigan ranks 7th in foreclosures

  3 min ago | via MLive.com 

  Michigan ranked seventh in the country in foreclosures during the second quarter of this year, according to data released July 25 by RealtyTrac.

  Comment?

  Related Topix: Foreclosures, Stockton, CA, Stockton Metro

• More people are out of work than expected this month

  4 min ago | via WBIR-TV Knoxville 

  A domino effect on Wall Street. A down day triggered by dismal earnings posted by Ford, a steep drop in existing home sales, and a spike in jobless claims.

  Comment?

  Related Topix: Home, Home Selling, Housing, Ford, Mortgage