East Patchogue 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

• Mortgage tax revenue down about 42% for LI

  Yesterday | via Newsday.com 

  Mortgage tax collection across Long Island plunged by about $94 million, or 42 percent, in the first half of this year compared with the same period in 2007, a result of continued weakness in the real estate ... 33 comments

  Related Topix: Real Estate

• Myths and truths about foreclosure

  Friday Jul 11 | via Newsday.com 

  Few real estate terms carry as much negative and emotional baggage as 'foreclosure' - a word that inevitably signals some family's financial distress that has resulted in an eviction or abandonment of their ...

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Suffolk County, NY

• FHA Mortgage Focus Fuels Lend America's Rise

  Monday Jun 30 | via Housing Wire 

  The changing landscape in mortgage banking is propelling fast-growth for lenders that specialize in originating mortgages endorsed by the Federal Housing Administration ; Melville, New York-based Lend America ...

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  Related Topix: Melville, NY, Biotech, Amersham, Home, Mortgage, Mortgage, Personal Finance, Suffolk County, NY

• There kitty: June is Adopt-a-Shelter-Cat Month

  Thursday Jun 26 | via AMNY 

  American Humane has christened June Adopt-a-Shelter-Cat Month. But as we all know - cliche alert - any month is the ideal one for giving a home to a stray or unwanted kitty.

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  Related Topix: Foreclosures, Selden, NY, Commack, NY, Entertainment

• Paterson, Senate Near Deal on Foreclosures

  Jun 17, 2008 | via New York Sun 

  Over vehement opposition from the banking and mortgage lending industries, Governor Paterson and legislative leaders are moving closer to an agreement on legislation that will make foreclosing on homes more ...

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

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 ...

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

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

  21 hrs ago | via Newsday.com 

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

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  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 ...

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  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.

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  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.

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

National Headlines

• Senate Passes Housing Rescue Bill, Bush to Sign

  2 min ago | via WCOH-AM Newnan 

  The Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans and setting up a $300 billion ...

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

• Bill heads to Bush for signature

  4 min ago | via Kndu.com 

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

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

• Alexander Backs Housing Bill, Which Passes 72-13

  4 min ago | via Chattanoogan.com 

  He said the Foreclosure Prevention Act of 2008 includes the following provisions: Provides a refundable tax credit of up to $7,500 for first-time homebuyers, and a standard property tax deduction for taxpayers ...

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

• Mike's Blog Roundup

  5 min ago | via Crooks and Liars 

  Years of proxy wars with the USSR created demons that US arrogance thought could never turn and rend it.

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Des Moines, IA, Des Moines Metro

• How they voted: Senate roll call on housing bill

  6 min ago | via Alabama Live 

  The 72-13 roll call Saturday by which the Senate passed a bill that aims to help homeowners facing foreclosure and to prevent mortgage companies Fannie Mae and Freddie Mac from failing.

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