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02/07/2008 Jumbo lender projects record originations in 2008
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Jumbo lender Thornburg Mortgage Inc. said Tuesday the company bounced back from a billion-dollar third-quarter loss to turn a profit in the final quarter of 2007, and plans to originate loans at a faster pace this year than it did during the housing boom.
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02/07/2008 Loan servicers say more subprime borrowers getting help
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Loan servicers participating in the voluntary HOPE NOW coalition say they initiated repayment plans or modified the loan terms of two of every three delinquent subprime borrowers in the second half of 2007 -- almost twice the rate of success previously reported.
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02/06/2008 Builders deliver more bad news in earnings reports
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Luxury home builder Toll Brothers, in a preliminary earnings report today, announced that home-building revenues dropped 22 percent in the first quarter compared to the same quarter last year, while builder Standard Pacific Corp. this week reported a $440.9 million net loss in fourth-quarter 2007.
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02/06/2008 IAC: LendingTree losses justify spin-off
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Big write-downs at LendingTree helped drive a $369.9 million fourth-quarter loss at parent company IAC/InterActiveCorp, which said the mix of good news and bad news among the dozens of businesses under its umbrella justifies a plan to reorganize IAC into five independent companies.
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02/06/2008 Home loan apps increase in latest survey
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Despite a drop in refinance activity, consumers looking to purchase homes boosted overall mortgage application volume last week, the Mortgage Bankers Association reported today.
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02/06/2008 Nightly real estate rates come down
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Long-term mortgage interest rates dipped Tuesday, and the
benchmark 10-year Treasury bond yield held fell to 3.57 percent.
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02/06/2008 Where are we in this housing down cycle?
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02/05/2008 Relocation giant announces bankruptcy
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Financially battered relocation giant Sirva Inc., which conducts about 300,000 relocations per year, has filed for bankruptcy in an effort to reorganize and survive the U.S. real estate downturn.
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02/05/2008 2007 title insurance premiums near 5-year low
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Last year may have been the worst since 2002 for title insurers, who will need to reduce costs and contain losses to firm up their bottom lines as premium volumes fall.
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02/05/2008 GMAC blames mortgage unit for $724 million Q4 loss
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GMAC Financial Services said today losses at its mortgage lending subsidiary drove a $724 million loss for the quarter and a $2.3 billion loss for the year.
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