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FBI: Hundreds Arrested In Mortgage Crackdown

The FBI says it has arrested about 300 real estate industry players since March -- including dozens over the last two days -- in its crackdown on incidents of mortgage fraud that have contributed to the country's housing crisis....
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Does New York Need a Foreclosure Court?

Judith Kaye, New York’s Chief Judge, is taking the state’s housing woes into her own hands....
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New Yorkers Protest Hefty Increase In Rentals Approved By Rent Guidelines Board

In addition to soaring food and fuel prices as well as a general economic slowdown, a fourth whammy is expected to wallop New York City's apartment dwellers....
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Owner of building files $100 M lawsuit

The owner of a Manhattan building damaged in a deadly crane collapse last month has filed a $100 million lawsuit....
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U.S. housing rebound to be prolonged: Harvard study

Record foreclosures and limited access to credit will make it harder than usual to rebound from this U.S. housing market slump, the worst at least since World War Two, according to a Harvard University study on Monday....
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IKEA feels impact of housing slowdown

Mobs of fans greeted the opening this week of build-it-yourself furniture chain IKEA's first store in New York City - but the fervor is masking shoppers' underlying frugality....
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WaMu Lays Off 1,200 More Workers

Washington Mutual Inc., the nation’s largest savings and loan and one of the country’s largest mortgage lenders, cut 1,200 jobs Thursday, about 2.6 percent of its workers, in an effort to return to profitability....
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Realtors pushing 'silver card' visa for foreign retirees

Thousands of residents from other nations - including England, Ireland, the Netherlands, Israel, Greece, Italy and Germany - are clamoring to retire in the United States, but can't get visas....
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Commission Advances Gain in Popularity

More real estate practitioners are turning to such companies as eCommission, Commission Express, and Agent's Advance to obtain up to 90 percent of their net earned compensation in advance....
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Mortgage Applications Fall Sharply

Mortgage applications declined 8.7 percent on a seasonally adjusted basis to 508.4 from 557.1 the previous week, according to the Mortgage Bankers Association’s weekly index....
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New plan for NYC's South Street Seaport

A new plan to redevelop Manhattan's South Street Seaport calls for a 42-story apartment and hotel tower and additional open space....
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Slowdown, credit crunch now hurting commercial real estate

The economic slowdown and the credit crunch are beginning to cause significant damage to the commercial real estate business, the National Association of Realtors (NAR) said in a report Wednesday....
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Poll: Most New Yorkers Want Property Tax Increase Cap

A poll shows more than 70% of New Yorkers in every region, in both parties, and in every demographic group support a cap on property tax increases that is already doomed in the Legislature....
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Mayor Wants New Phrase: 'The Bronx Is Building'

Mayor Bloomberg is giving a boost to the gentrification trend that has been rapidly transforming the character of the South Bronx....
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Washington Mutual ending two mortgage types

Ends negative amortizing, Plus program as result of subprime losses...
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