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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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Illegal Immigrants Are Good Lending Risks

Illegal immigrants can make good home buyers, according to a new study....
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Americans Are Still on the Move

About 40 million Americans move to a new residence each year, but a greater proportion of home owners are becoming renters than the other way around, according to a national survey by Relocation.com. ...
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Actor DeNiro Emotes To Save A Penthouse

Tough-guy actor Robert DeNiro may be making the Landmarks Preservation Commission an offer it can't refuse: requesting that it overlook an omission connected to his new TriBeCa boutique hotel....
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Anesthesiology Biggie Buys $5.8 M. Condo

These days we barely bat an eyelash when a Russian oligarch buys a trophy apartment in the Plaza or 15 Central Park West, but it's rare to encounter an expat whose personal fortune comes from anesthesiology....
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New Developer Signs $1 Billion Deal to Transform West Side Railyards

Less than two weeks after the collapse of a billion-dollar deal to develop the railyards on Manhattan’s Far West Side, a new developer has agreed to salvage the plan and help keep alive the Bloomberg administration’s campaign to transform the area into a major business district....
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Foreclosure filings in New York increase 25 percent

The number of foreclosure filings in New York was up 25 percent for the 12 months ended May 31, even as the number of filings dropped slightly during the last two months, according to RealtyTrac Inc....
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