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10/25/2006 Florida officials investigate report of inflated home appraisals
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The Florida attorney general has opened a criminal investigation into the sale of three dozen homes by a Tampa real estate agent after the Tampa Tribune published a story suggesting the properties were sold at inflated prices.
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10/25/2006 Existing-home sales, prices slide
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The rate of existing-home sales fell for the sixth straight month in September and the median existing-home price dropped 2.2 percent in September compared to September 2005, the National Association of Realtors trade group reported today.
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10/25/2006 Rates rise, refis surge
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Overall mortgage applications gained 0.5 percent last week on a seasonally adjusted basis from the week before, taken higher by an upswing in refinancings, the Mortgage Bankers Association reported today.
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10/25/2006 Overnight real estate rates down
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Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield dipped to 4.82 percent.
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10/25/2006 More slow growth expected in economy
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Economic growth will continue to slow through the rest of 2006 but should return to near normal growth during 2007 and 2008, according to the latest economic forecast released this week by the Mortgage Bankers Association. Total residential mortgage production in 2006 is expected to be $2.46 trillion, the fifth-highest level ever, but will drop another 14 percent in 2007 to $2.1 trillion and remain unchanged at that level in 2008.
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10/25/2006 First Step in Home Buying Process: Pay a Visit to a Qualified Loan Officer
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I received an e-mail from a first time-home buyer who was referred to me by a real estate agent who is helping her in the house hunting process. The e-mail was a simple request that she be qualified for the maximum loan amount possible. She also requested that I send her a schedule of my company's rates and fees.
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10/25/2006 Baby Boomers More Than Second Home Market Makers
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Today's baby boomers are just about as likely to unload a second home as they are to buy one and they aren't any more likely than their parents to own additional properties.
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10/25/2006 Robbins Calls for Personal Commitment
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The new chairman of the Mortgage Bankers Association has called for an "industry-wide commitment to personal responsibility."
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10/25/2006 Politics of HOA Trees
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One of the most controversial issues that face a homeowner association is tree removal. While there are many practical reasons to remove trees, some residents take a deeply personal interest in their fate. It is the Practical versus the Emotional. Let's explore the dynamics of this phenomena.
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10/24/2006 Top lender to trim 2,500 workers
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With profits from mortgage banking down 40 percent for the quarter, Countrywide Financial Corp. said it is moving forward with plans to lay off more than 2,500 workers and keep revenue flowing by emphasizing products like refinance, reverse mortgage, commercial and construction loans.
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