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02/13/2008 Home buying cools in latest survey
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Mortgage application volume dwindled last week as interest rates increased, the Mortgage Bankers Association reported today.
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02/13/2008 Real estate rates up overnight
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Long-term mortgage interest rates rose Tuesday, and the
benchmark 10-year Treasury bond yield inched up to 3.66 percent.
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02/13/2008 Builders freeze political contributions
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National Association of Home Builders officials on Tuesday announced plans to freeze all contributions from the group's political action committee to federal congressional candidates for a perceived failure to address "underlying economic issues" to stabilize the housing market.
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02/13/2008 The 'Switzerland of open houses'
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02/12/2008 IndyMac posts first annual loss in company's history
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Last year "was a terrible year for our industry, for Indymac and for you, our owners," IndyMac Bancorp Inc. Chief Executive Officer Michael Perry said today in a letter to shareholders as the alt-A lender reported a $509 million fourth-quarter loss.
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02/12/2008 Six lenders throw seriously delinquent borrowers a lifeline
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Six major lenders have agreed to work with seriously delinquent homeowners, putting foreclosure proceedings on hold for up to 30 days to offer some borrowers workout plans that would lead to formal loan modifications if they can make reduced loan payments for three months.
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02/12/2008 Home values decline in fourth quarter
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Home values continued to decline in the fourth quarter of 2007, leaving one in three new homeowners with negative equity, according to a report of national home values released today by Zillow.
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02/12/2008 Real estate rates scattered overnight
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Movement in long-term mortgage interest rates was mixed again Monday, and the
benchmark 10-year Treasury bond yield dropped to 3.62 percent.
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02/12/2008 Builder MDC Holdings reports Q4 net loss of $281 million
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MDC Holdings, the builder that operates the Richmond American Homes brand, reported a $636.9 million net loss, or $13.94 per share, for the full year in 2007, and a net loss of $281.1 million, or $6.14 per share, for the fourth quarter.
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02/12/2008 Fitch cuts First American's debt, insurer strength ratings
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Following through on a warning issued last month, analysts at Fitch Ratings today lowered First American Corp.'s insurer financial strength and debt ratings by a notch, and said they remain subject to further downgrade.
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