St. James 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% 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+'

  20 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

• Downtown Sacramento Real Estate Market Report

  6 min ago | via Sacramento Real Estate Blog 

  Real estate in Downtown Sacramento continued to command top dollar in May, with sold price per square foot running more than twice as high as the county-wide average, though this year's crop of homes was much ...

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  Related Topix: Sacramento, CA, Sacramento Metro, Foreclosures, Events

• 15-Year Mortgage or a 30-Year Mortgage?

  6 min ago | via About.com 

  The traditional 30-year mortgage has become the standard method of borrowing for most people, but the 15-year mortgage is still a viable solution for many people.

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  Related Topix: Mortgage, Personal Finance, Home, Mortgage

• Housing rescue bill heads to Bush for signature

  6 min ago | via KCBY-TV Coos Bay 

  Congress passed the most significant housing legislation in decades Saturday, offering help to struggling homeowners and seeking to stabilize a troubled housing market that has dragged down the economy.

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

• Gregg, Sununu vote for housing bill

  7 min ago | via The Boston Globe 

  Sens. John Sununu and Judd Gregg were on the winning side Saturday as the Senate approved a plan to help homeowners facing foreclosure and to save mortgage companies Fannie Mae and Freddie Mac .

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

• How they voted: Senate roll call on housing bill

  7 min ago | via Times Leader 

  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, Mortgage, Personal Finance, Home, Mortgage