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09/27/2006 Buffalo landlord headed to prison in mortgage fraud case
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A Buffalo, N.Y., landlord who agreed to pay $1.5 million in restitution and penalties and plead guilty to mortgage fraud has been sentenced to one year in prison.
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09/27/2006 Overnight real estate rates: Down further
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Long-term mortgage interest rates continued lower Tuesday, and the benchmark 10-year Treasury bond yield rose to 4.58 percent.
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09/27/2006 New Jersey MLS tosses restrictions for display of listings
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The New Jersey Multiple Listing Service, a regional MLS in Northern New Jersey that is owned and operated by two local Realtor organizations, has withdrawn a policy that prevented some property listings from reaching Realtor.com and several other home-search Web sites.
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09/27/2006 Mavent lands $10 million in venture capital funding
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Mavent Inc., which develops software that helps mortgage brokers check that loans comply with hundreds of laws and regulations, is set to receive a $10 million infusion of venture capital.
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09/26/2006 Lender's policy on row houses discriminatory, group alleges
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A mortgage lender that allegedly discriminated against minorities by refusing to make loans on row houses valued at less than $100,000 has agreed to end the practice and pay a non-profit group $500,000.
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09/26/2006 Consumer confidence rebounds
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The Conference Board today announced that its Consumer Confidence Index gained in September -- rising from 100.2 to 104.5 -- as Americans expect more jobs and rising incomes in the coming months.
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09/26/2006 Florida home sales plummet in August
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August home sales in Florida were off 34 percent in August compared to last
year, while the median sale price remained unchanged at $248,400 -- suggesting
that buyers were waiting for sellers to lower prices, and sellers weren't
budging.
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09/26/2006 ERA real estate franchise network expands
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ERA Real Estate added 18 new affiliate companies to its franchise network in July and August, the company announced, and 10 existing affiliates opened new offices or engaged in mergers or acquisitions during that period.
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09/26/2006 Massachusetts foreclosures jump 72% in August
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ForeclosuresMass.com, a provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, reported today that 1,812 foreclosures were initiated statewide in August, which is 72 percent higher than August 2005 and 266 percent above August 2004 levels.
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09/26/2006 Midwest real estate slowdown impacts prices
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Real estate sales in Ohio and Illinois cooled for the fifth straight month in August, as rising for-sale inventory sent home prices falling, according to statistics provided by Realtor associations in both states.
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