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01/30/2007 Inman Blog challenge: The buzz on relocation biz
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Editor's note: The following excerpt is from today's Inman News Blog. We've
heard the situation with referral fees in the relocation business referred to
as a "coming crisis." What has been happening with fees in your
market? Click
here to join the discussion.
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01/30/2007 Connecticut suspends Mortgage Lenders Network's licenses
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Connecticut's banking commissioner today
suspended the licenses of Mortgage Lenders Network USA Inc. to grant mortgages
and act as a secondary mortgage broker in the state, and restated an intent to
collect millions in penalties for failing to fund loans it closed.
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01/30/2007 Subprime lender cuts ties to 8,000 mortgage brokers
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A subprime lender that was
experiencing an early default rate of nearly 6 percent last summer has stopped
doing business with 8,000 mortgage brokers who were "highly
correlated" to the sudden rise in defaults.
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01/30/2007 Refinance.com to add 80 new loan officers
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Mortgage banker Refinance.com says
it is adding more than 80 new loan officers as part of an expansion of its New
York City offices.
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01/30/2007 Countrywide's mortgage profits decline
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Countrywide Financial Corp. posted record earnings in
2006, even as profits in mortgage banking fell 15 percent from 2005.
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01/30/2007 U.S. home-ownership rate holds steady in Q4
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The national home-ownership rate
remained roughly flat at 68.9 percent in the fourth quarter, compared with 69
percent in third-quarter 2006 and in fourth-quarter 2005, the U.S.
Census Bureau reported this week.
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01/30/2007 Consumer confidence up in January
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Although improving job market conditions boosted consumer confidence in January, the outlook for the next six months grew weaker, The Conference Board reported today.
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01/30/2007 Virginia home prices grow in buyer's market
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Although decreased demand for Virginia real estate cooled sales statewide for the 16th straight month in December, the overall median home price posted growth, the Virginia Association of Realtors reported.
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01/30/2007 Overnight real estate rates pause
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Long-term mortgage interest rates were unchanged Monday, and the benchmark 10-year Treasury bond yield rose to 4.89 percent.
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01/30/2007 RealTown brings industry content to consumers
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A new Internet portal launches today with a depth of real estate-related content created by a thousands-strong community of real estate professionals.
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