Rye Real Estate

Featured Article

• High-End Foreclosures Rising Among Top Tier Homes

  Monday Jun 30 | via Realty Trac 

  Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited ...

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  Related Topix: Housing, Home, Mortgage

Local Headlines

• Man Pleads Guilty in New York to Massive Mortgage and Insurance Fraud Scheme

  Tuesday Jul 22 | via Federal Bureau of Investigation 

  MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that DOMINICK DEVITO pleaded guilty today in Manhattan federal court before United States District Judge BARBARA S. ...

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

• State Provides $357M For Affordable Builds

  20 hrs ago | via GlobeSt.com 

  Gov. David Paterson has been pro-active this year in his approach to improving and expanding housing opportunities across New York State.

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  Related Topix: Home, Mortgage, Schenectady County, NY, Westchester County, NY, Niagara County, NY, Chautauqua County, NY, Queens, NY, New York, NY

• State approves $12 million in financing to renovate 186 affordable housing units

  Yesterday | via Mid-Hudson News 

  NEW YORK The boards of the New York State Housing Finance Agency and the New York State Affordable Housing Corporation Wednesday approved $12 million in financing to renovate 186 affordable housing units in ...

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, New York Metro, Westchester County, NY, Sleepy Hollow, NY

• Tompkins Trust parent reports strong quarter

  Yesterday | via Ithaca Journal 

  While it experienced a slight increase in losses and bad loans, Tompkins Financial Corp., parent of Tompkins Trust Co., reported Wednesday that second-quarter earnings increased 12.3 percent over the same ...

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Westchester County, NY, Sleepy Hollow, NY

• Harrison man admits mortgage scam

  Wednesday | via Journal News 

  A Harrison man admitted he ran a scam in which he and others schemed to buy high-end homes in Westchester County and leave the banks that financed the deals holding the bag.

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  Related Topix: Westchester County, NY, Home, Mortgage, Mortgage, Personal Finance, Harrison, NY, Rye, 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

• Housing rescue on track to pass Senate by Saturday

  4 min ago | via KTVN Reno 

  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

• Foreclosure Filings More Than Double

  5 min ago | via KCCI 

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

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  Related Topix: Foreclosures

• Housing bill clears hurdle, vote seen Saturday

  5 min ago | via Reuters 

  The U.S. Senate voted on Friday to limit debate on a bill aimed at shoring up both the housing market and mortgage finance companies Fannie Mae and Freddie Mac, paving the way for a final vote expected on ...

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

• Supervisors will make decision on SPARC funds

  5 min ago | via Southwest Times 

  The Pulaski County Board of Supervisors will decide Monday night whether to accept an agreement for $1 million in funding to cover another year of low-interest loans for first-time home buyers.

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  Related Topix: Mortgage, Home

• Durables orders, Freddie Mac provide firm view

  6 min ago | via Reuters 

  New orders for long-lasting U.S. manufactured goods rose unexpectedly in June on a surge in defense orders, while a gauge of business investment was also higher than forecast in signs of economic resilience, a ...

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