1. Mets fans have embraced the team’s new stadium and plans to redevelop surrounding Willets Point [NYT]
2. A Wikipedia entry on Hunts Point has riled residents who say it’s outdated and unfair [NYT]
3. The Ocean House club in Cape May offers shares that come with prime vacation use [NYT]
4. Eli Zabar has taken over the temporarily shuttered Amagansett Farmers Market [NYT]
5. Beazer Homes USA, the homebuilder under investigation, reported its seventh consecutive quarterly loss [Bloomberg]
6. Steven Preston, secretary of the Department of Housing and Urban Development, said a glut of unsold homes weighs on the U.S. residential real estate market [Bloomberg]
7. U.S. Treasury Secretary Henry Paulson said there are new no plans to
inject capital into mortgage giants Fannie Mae and Freddie Mac [Bloomberg]
8. Fannie Mae will stop buying or guaranteeing Alt-A mortgages [Bloomberg]
9. An executive at the investment firm that controls Chrysler has had trouble renovating his Manhattan townhouse [WSJ]
10. TLC’s “Hope for Your Home” responds to the needs of struggling homeowners [WSJ]
11. The SEC has turned its scrutiny of Countrywide Financial into a formal investigation [AP via WSJ]
12. General Growth Properties’ president sold half of his common shares in the company [WSJ]
13. Radian Group Inc., the third-largest U.S. mortgage insurer, lost $392.5 million in the second quarter [Bloomberg]
14. Legislators who supported a property-tax-cap bill could be punished by unions [NYDN]
15. Five big credit unions are reporting big losses on mortgage-related securities [WSJ]
16. Sheldon Silver, the Democratic speaker of the Assembly, will decide
this week on Governor Paterson’s proposed cap on property taxes [Sun]
17. Developer Aby Rosen faces charges after his kids rode ATVs through an endangered bird area in the Hamptons [Post]
18. Declines in foreclosure filings could mask wider problems [WSJ]
