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02/26/2008 Nightly real estate rates shoot higher
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Long-term mortgage interest rates rose sharply Monday, and the
benchmark 10-year Treasury bond yield was up at 3.9 percent.
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02/26/2008 Foreclosure activity climbs 57% in January
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The volume of U.S. foreclosure filings rose about 57 percent in January compared to the same month last year, foreclosure research company RealtyTrac reported today.
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02/25/2008 Realtors question Web site name restrictions
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A new section in the National Association of Realtors Code of Ethics and Standards of Practice that relates to Web site names has rankled some members who say the language is overreaching.
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02/25/2008 Fitch warns of mounting losses at mortgage insurers
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Analysts at Fitch Ratings warned today of possible downgrades to the ratings of private mortgage insurers MGIC Investment Corp., PMI Group Inc. and Radian Group Inc., saying the companies may not return to profitability until 2010 and will have to raise additional capital to counter rising losses.
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02/25/2008 Feds looking to help upside-down borrowers
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Bank of America officials have reportedly gotten behind a plan to create a Federal Homeownership Preservation Corp. that would buy billions in mortgages that might otherwise end up in foreclosure.
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02/25/2008 Existing-home sales hit lowest level on record
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The projected annual rate of sales for resale homes fell 23.4 percent in January compared to the same month last year, and the median price was down 4.6 percent, the National Association of Realtors reported today.
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02/25/2008 Nightly real estate rates edge up
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Long-term mortgage interest rates inched higher Friday, and the
benchmark 10-year Treasury bond yield was up at 3.8 percent.
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02/25/2008 Bankruptcy cram downs rolled into foreclosure relief bill
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Senate Democrats are attempting to push through a controversial plan to allow bankruptcy judges to modify the terms of troubled borrowers' mortgages as part of a larger package of foreclosure prevention programs.
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02/25/2008 Flashy extras: silly or saleable?
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I just had a client go to contract on a new, and very nice, apartment. The location is great, the finishes are great, and the reputation of the builder is great, making it likely that the home that gets delivered is the same as the home that was promised -- a bit of a rarity these days.
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02/22/2008 Credit crunch fixes? Policymakers need to get on with it
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Long-term mortgage rates are beginning to trickle back down from the peculiar spike of the last two weeks. The lowest-fee mortgages went from 6.375 percent to 6.25 percent; the 10-year T-note went from 3.9 percent to 3.8 percent -- the immense spread is a measure of deepening crunch.
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