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12/21/2006 Mortgage rates push higher
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Mortgage rates crept higher for the second straight week, buoyed by a Commerce Department announcement that retail sales for November were better than expected, Freddie Mac and Bankrate.com reported today in their weekly surveys.
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12/21/2006 Center issues dire report on subprime defaults
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The Center for
Responsible Lending predicts that one of five subprime mortgages originated in
the past two years will end up in foreclosure, and that as many as 2.2 million
households have already lost their homes or will end up in foreclosure in the
next several years.
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12/21/2006 Home buyer's still king in Central Ohio
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The buyer's market continued in Central Ohio during November, as record-high inventory cut further into sales and prices, the Columbus Board of Realtors reported.
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12/21/2006 HUD grants to benefit public housing residents
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The U.S. Department of Housing and Urban Development has
awarded $9.68 million in grants to hire service coordinators who will work to
connect public housing residents across the country with community resources,
according to an announcement
this week.
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12/21/2006 Economy to crawl into '07
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The economic outlook improved for the third straight month in November, but sluggishness in the employment and home construction sectors will put a drag on the future rate of growth, The Conference Board reported today.
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12/21/2006 Overnight real estate rates stay put
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Long-term mortgage interest rates were flat again Wednesday, and the benchmark 10-year Treasury bond yield inched up to 4.6 percent.
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12/21/2006 One market's loss is another's gain
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The local real estate market nearly screeched to a halt in late 2005, said Alvin Arner, a real estate agent with Coldwell Banker Residential Real Estate in Stuart, Fla., and has since been climbing back toward normal conditions.
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12/21/2006 Women Still Face Bias in the Mortgage Market
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In 1999, the Fannie Mae Foundation conducted a survey to determine whether women are more financially independent than they were 25 years before, when only one in three had checking accounts.
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12/21/2006 Message to Sub-Prime Lenders: "As you Sew So Shall You Reap"
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After poking around the internet, I compiled some interesting statistics. Assuming the data is reasonably accurate, consider the following.
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12/21/2006 Do You Really Need a Lawyer For a Real Estate Closing?
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Real Estate practices and procedures are all local. For example, here in New Jersey things are done differently depending on whether you are located in North Jersey or South Jersey.
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