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02/19/2008 Realogy announces deal to feed listings data to Zillow
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Major real estate franchise company Realogy Corp. announced today that it will feed hundreds of thousands of property listings from its real estate brands to property valuation and marketing site Zillow.com, expanding an earlier sharing agreement through its ERA brand.
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02/19/2008 More loan servicers agree to put foreclosures on hold
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Loan servicers and lenders who handle about nine out of 10 subprime loans have agreed to participate in an initiative to help delinquent borrowers by putting foreclosure proceedings on hold for up to 30 days to evaluate alternatives.
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02/19/2008 Los Angeles ranks as least affordable major housing market
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Indianapolis continued its reign as the most affordable major U.S. housing market, while the Los Angeles area ranked as the least affordable major housing market, the National Association of Home Builders reported today in a fourth-quarter report.
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02/19/2008 Fannie, Freddie can’t mix and match conforming, jumbo MBS
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Jumbo loan borrowers may not see much relief on interest rates when Fannie Mae, Freddie Mac, and the Federal Housing Authority start buying and guaranteeing loans above the current $417,000 conforming loan limit, because the loans will be barred from the most important secondary market where mortgages are bought and sold.
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02/19/2008 Brokerage company forms venture to service REO properties
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Howard Hanna Real Estate services, a brokerage company with 122 offices and
3,600 sales associates in four states, has partnered with a vendor management
company to create a new entity to manage and sell bank-owned properties across
the country, according to an announcement today.
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02/19/2008 Judges hear arguments in craigslist lawsuit
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During a lively court hearing Friday that included fire alarm interruptions and discussions about a hired hit man, bank robbers and a Buddhist temple, lawyers presented arguments (listen here) about the application of fair housing law to online community site craigslist.org and the extent of federal protections available to the site through the U.S. Communications Decency Act.
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02/19/2008 To be or not to be compliant
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Marc Davison
New search sites take the stage, raising the audible sounds in an opera of compliance and online home listings.
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02/18/2008 Q4 home prices fall in 76% of U.S. ZIP codes tracked
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Home prices fell during the fourth quarter in 76 percent of the 7,472 ZIP
codes tracked by mortgage data aggregator First American CoreLogic.
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02/18/2008 Florida Realtors report 31% drop in Q4 resale home sales
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The median sales price of single-family resale homes in Florida fell 9.9 percent in the fourth quarter compared to the same quarter in the previous year, the Florida Association of Realtors reported, and sales fell 31 percent.
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02/18/2008 Overnight real estate rates rise again
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Long-term mortgage interest rates rose again Friday, and the benchmark 10-year Treasury bond yield decreased to 3.77 percent.
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