BIA of New York City Members Elected to National Association of Home Builders Board of Directors (PR Newswire via Yahoo! News)
The Building Industry Association of New York City (BIANYC) (http://www.webuildnyc.org) today announced the election of two of its members to the Board of Directors of the National Association of Home Builders (NAHB) (http://www.nahb.org). Michael Fazio, Principal, Woodrow Estates of Staten Island, NY and John Nikolai, President, Jealan Fireplaces, Inc. (http://www.jealan.com) of Staten ...

Home loan demand falls despite interest rate dip (Washington Post)
NEW YORK (Reuters) - U.S. mortgage applications fell for a second straight week, largely reflecting a drop in demand for home refinancing loans, an industry group said on Wednesday.

Loan Servicers Create New Mortgage Snags (Washington Post)
NEW YORK -- A cancer diagnosis forced Lindsey Jennings to give up his government job. With less income, Jennings feared he might lose the home he and his wife Pearl built near Atlanta almost 20 years ago. So he asked for help.

Bear Stearns announces new round of layoffs (The Star-Ledger)
NEW YORK -- Bear Stearns said yesterday it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contributed to a dramatic slide in the investment bank's profit this summer.

More layoffs hit home-loan industry (Contra Costa Times)
NEW YORK -- Bear Stearns Cos. said Wednesday that it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contributed to a dramatic slide in the investment bank's profit this summer.