This chart proves mortgage credit availability isn’t improving

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Items Tagged with 'Long Island'

ARTICLES

New program offers mortgages with 1% down

First-time home buyers in Long Island eligible for new program
Ben Lane
The Community Development Corporation of Long Island announced a partnership with the Housing Development Fund to offer SmartMove New York, a down payment assistance loan product.
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The best and worst housing markets in America right now

Pro Teck evaluates foreclosure sales impact
Jacob Gaffney
Where are foreclosure doing the least amount of damage to local housing markets? Plus, a top ten list of the best and the worst.
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Real estate on the hard streets of East Hampton

Jessica Huseman
The Hamptons is having a rough time these days.  The lavish retreat for stressed-out, big moneyed New Yorkers has hit a bit of a rut. Home prices...
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Mortgage Fraud Scheme Targeted Distressed Properties

Austin Kilgore
The Manhattan District Attorney’s office indicted 13 people and a mortgage origination company for allegedly perpetrating a mortgage fraud scam that ran for four years and cost lenders more than $100m. The indictments and convictions come after a 10-month investigation of the Garden City, Long Island-based AFG Financial Group and 19 of its mortgage transactions. In the indictment, District Attorney Robert Morgenthau alleges the defendants targeted distressed residential properties in New York City and surrounding counties.
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Lender Continues to Buck Trend, Saves Home Through H4H

Diana Golobay
Long Island-based Lend America announced Tuesday it had not only successfully saved a borrower's home from foreclosure as the California-area authority stood at the door ready to evict the residents, but the mortgage bank had made a hefty new year's resolution for 2009 -- saving 10,000 U.S. homes from foreclosure.
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Tight Credit, Continued Recession Stunt Pending Home Sales

Diana Golobay
After surging in August, pending home sales swung into a decline based on contracts signed during September, according to a report released Friday by the National Association of Realtors. The pending home sale index - which measures sales based on offers accepted by sellers although no deal has yet closed - declined 4.6 percent to 89.2 from the upwardly revised reading of 93.5 taken in August.
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