Melville Real Estate

Featured Article

• Top 7 Foreclosure Stories of Past Year

  Jun 19, 2008 | via Realty Trac 

  The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 2007, forcing many foreclosure investors to ratchet down their ...

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  Related Topix: Financial Services, Housing, Foreclosures, Home, Mortgage

Local Headlines

• Mortgage tax revenue down about 42 percent for LI

  9 hrs ago | 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 ... 1 comment

  Related Topix: Real Estate, New York Metro

• 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

• If selling, stay with mid-price bathroom renovations

  Friday Jul 4 | via UnionLeader.com 

  Papers concluding a 10-year effort between the state and the college were signed after a four-hour hike to the top.

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  Related Topix: Melville, NY, Real Estate

• Home-equity credit being cut

  Sunday Jun 29 | via Milwaukee Journal-Sentinal 

  Melville, N.Y. - ' Homeowners have been getting their home-equity lines of credit frozen or pared down by lenders trying to cut risks.

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  Related Topix: Melville, NY, Housing, Home, Mortgage, Mortgage, Personal Finance

• 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

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.

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  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 ...

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  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 ...

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  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

  6 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

  6 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.

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

• Housing rescue on track to pass Senate by Saturday

  7 min ago | via WAND-TV Decatur 

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

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

• Michigan ranks 7th in foreclosures

  8 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.

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  Related Topix: Foreclosures, Stockton, CA, Stockton Metro

• More people are out of work than expected this month

  9 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.

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