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02/11/2008 Countrywide, ACORN partner for foreclosure prevention
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Countrywide Financial Corp. announced today it's partnering with the community group ACORN to engage in workouts with subprime borrowers -- even if they are already in default, and regardless of whether they have fixed- or adjustable-rate mortgages.
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02/11/2008 Despite economy, many considering home improvement
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Despite the weak conditions in the housing market, more than two-thirds of Americans said they would complete a home improvement project in 2008, according to a recent poll by ServiceMagic.com.
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02/11/2008 Nightly real estate rates mixed
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Movement in long-term mortgage interest rates was mixed Friday, and the
benchmark 10-year Treasury bond yield dropped to 3.64 percent.
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02/11/2008 Being an agent is being a non-expert
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When I first got into this business, all the "old" brokers I met told me that real estate was in the throes of monumental change. They had made their money, they said, by having control of their listings, and the Internet was revolutionizing that. They were no longer the monopolizers, or even the gatekeepers, of information. The new buzzword, they said, was "service."
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02/11/2008 Raising conforming loan limit not a simple task
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While Fannie Mae, Freddie Mac and the Federal Housing Administration will soon be allowed to dive into what until now has been the jumbo loan market, it remains to be seen how many borrowers will benefit.
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02/11/2008 Competitive advice from Corcoran CEO
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02/08/2008 Why bailout may be the only saving grace
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Mortgages struggled to stay as low as 5.75 percent (more below on the stubborn refusal of mortgages to follow the Fed down).
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02/08/2008 MGIC tightening underwriting standards in 30 markets
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Thousands of borrowers in 22 states will no longer be able to obtain private mortgage insurance from MGIC Investment Corp. after March 3, when the company raises its minimum standards in 30 restricted markets.
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02/08/2008 Senate OKs stimulus bill, loan limit increase
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Bush administration officials renewed their calls for Congress to pass legislation tightening oversight of Fannie Mae and Freddie Mac Thursday, as Congress signed off on a plan to allow the companies to guarantee or purchase loans that exceed the $417,000 loan limit.
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02/08/2008 Nightly real estate rates up again
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Long-term mortgage interest rates continued higher Thursday, and the
benchmark 10-year Treasury bond yield climbed to 3.76 percent.
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