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09/26/2006 Stewart Title accused of engaging in captive reinsurance scheme
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The California Department of Insurance is seeking $46.7 million in damages and penalties against Stewart Title Guaranty Co. for an alleged captive reinsurance scheme affecting 3,650 homeowners.
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09/26/2006 Overnight real estate rates in 5-day slump
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Long-term mortgage interest rates continued lower Monday, and the benchmark 10-year Treasury bond yield fell to 4.54 percent.
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09/26/2006 California home sales hit largest slide since 1982
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Home sales were down 30.1 percent in August compared to the same month last year, the California Association of Realtors trade group reported today, while the median existing-home price rose 1.6 percent to $576,360.
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09/25/2006 Sentencing of former Homestore CEO delayed until October
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Sentencing for Stuart Wolff, the former CEO of Homestore Inc. who was convicted in June on charges ranging from conspiracy to fraudulent insider trading, has been delayed until at least Oct. 10.
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09/25/2006 Northern California MLSs form data-sharing agreement
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Three large multiple listing services in Northern California have agreed to share real-time property listing information in a move that aims to ease data access for the 40,000 agents using the MLSs.
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09/25/2006 Buyer's market emerges in Central Indiana
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Surging inventory sent home sales and prices in Central Indiana down in August, creating favorable conditions for buyers, according to the latest MLS statistics from the Metropolitan Indianapolis Board of Realtors.
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09/25/2006 Existing-home sales fall 12.6% in August
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The median U.S. existing-home home price dropped 1.7 percent and the sales rate dropped 12.6 percent in August compared to the same month in 2005, the National Association of Realtors trade group reported today.
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09/25/2006 Austin home sales nail record
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The Austin, Texas, real estate market nailed a record 2,805 single-family home sales in August, as for-sale inventory continues to decrease, according to the latest Multiple Listing Service report from the Austin Board of Realtors.
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09/25/2006 Overnight real estate rates fall sharply
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Long-term mortgage interest rates were down further Friday, and the benchmark 10-year Treasury bond yield fell to 4.59 percent.
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09/25/2006 Regulator eyes Fannie, Freddie's market share loss
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A new report details how private companies were able to overtake Fannie Mae and Freddie Mac in the secondary mortgage market in 2005, issuing more mortgage-backed securities than the government-sponsored enterprises for the first time ever.
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