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06/13/2006 Small House Society offers alternative to McMansions
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Even by astronauts' standards, Greg Johnson lives in a small house.
For the past few years, he has resided in a 10-by-7 trailer-mounted home, dubbed "The Mobile Hermitage," that stands in stark contrast to the super-sized McMansions cropping up in suburbs across the country. As the name suggests, the house can go anywhere -- the trailer allows it to be towed by a truck. Most of the time, the house is parked on land in Iowa City, Iowa, that Johnson's family has owned for 70 years.
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06/13/2006 Electronic real estate closings debut in Indiana
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It took a simple "click-to-sign" process for several Indiana consumers to close their mortgage loans on June 6 and 7, as Stewart Title teamed up with First Republic Mortgage Corp. and Trustcorp Mortgage Co. for three electronic closings using Stewart's SureClose online transaction management system and eClosingRoom, the company said today.
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06/13/2006 LandAmerica buys default mortgage servicing tech firm
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LandAmerica Financial Group has bought MSTD, a Web-based company whose flagship product is default mortgage servicing technology, the company said Monday.
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06/13/2006 Twin Cities real estate sales drop 9%
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Home sales in the Twin Cities, Minn., area tumbled for the second straight month in May, while median home-price growth continued to slow, according to three metro Twin Cities Realtor associations.
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06/13/2006 Overnight real estate rates in holding pattern
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Long-term mortgage interest rates were mostly flat again Monday, and the benchmark 10-year Treasury bond yield inched up to 4.98 percent.
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06/13/2006 Real estate listings site launches social networking tool
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CityCribs, on online marketplace for apartment rentals and sales, has launched CribYourSpace.com, a social networking tool.
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06/13/2006 'So-called bubble' likely to deflate, not burst
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House prices surged faster than household income and inflation, the national home-ownership rate fell for the first time in over a decade, housing inventories shot up with slowing sales, and the volume of sub-prime loans has soared.
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06/13/2006 Investigation into Oxley's ties to Freddie Mac scandal urged
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A nonpartisan watchdog group has asked the U.S. Department of Justice to investigate what it calls a series of potential violations of federal criminal law by Rep. Michael Oxley, R-Ohio, relating to alleged illegal fundraising activities by Freddie Mac.
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06/13/2006 Ohio women indicted in alleged down-payment scheme
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Two Ohio women were indicted Wednesday in the Southern District of Ohio for alleged bank, mail and wire fraud and conspiracy to launder money in connection with a scheme that allegedly involved fraudulent down-payment assistance to buyers.
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06/12/2006 Second-home growth fuels new house rental site
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While the portion of overall home sales that are second homes is growing, a new Web site offering to connect these homeowners with prospective vacation renters launched this month.
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