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01/22/2007 Realty Appraisers Upset at "Stripping" of Their Proprietary Data
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A hot new controversy has broken out in the real estate valuation arena: Appraisers charge that a major property database company is pilfering key pieces of information about houses when they submit appraisal reports online.
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01/19/2007 Ex-police officer sentenced, fined $1.1 million for mortgage fraud
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A former Indianapolis police officer
who moonlighted as an appraiser was sentenced to 57 months in federal prison
Wednesday and ordered to pay $1.1 million in restitution after he was convicted
of conspiracy, money laundering and wire fraud charges related to inflated
mortgage loans.
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01/19/2007 The subprime tsunami
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Editor's
note: The following excerpt from the Inman News Blog examines
aspects of the subprime mortgage market, what fueled its growth, and what could
be in store for this segment, which has grown at a rapid pace over the last few
years. Inman News welcomes your comments on what is happening in the subprime
market. Click
here to join a discussion.
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01/19/2007 Connecticut shuts down Mortgage Lenders Network
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Connecticut authorities have issued a temporary cease-and-desist
order to Mortgage Lenders Network USA Inc., claiming the company made at least
97 loans in the state at the end of December that it did not fund or failed to
fund in a timely manner, imposed excessive charges on five loans it refinanced,
and employed at least 40 loan originators not registered with the state.
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01/19/2007 His 'n' hers real estate hunting
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I have two
clients who are a relocating couple. First the wife came out and I looked at
listings with her, then the husband came out and I looked at listings with him.
Finally they came out on a trip together, and I saw the problem: he's a little
bit country and she's a little bit rock 'n' roll. Or maybe it's the other way
around. Whatever it is, they don't like the same apartments.
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01/19/2007 Builder confidence grows at snail's pace
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Builder confidence rose two points in January to a six-month
high in response to increased buyer interest, but most builders don't expect a
surge in activity anytime soon, according to the National Association of Home
Builders/Wells Fargo Housing Market Index (HMI), released Wednesday.
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01/19/2007 PropertyInfo to offer Web-based title searches
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Title agents will be able to use a
Web-based search engine that taps into public and private data sources for
title searches as the result of PropertyInfo Corp.'s acquisition of a
proprietary technology already in use at the county government level.
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01/19/2007 Overnight real estate rates advance
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Long-term mortgage interest rates continued higher Thursday, and the benchmark 10-year Treasury bond yield fell to 4.74 percent.
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01/19/2007 Demise of the real estate ATM machine
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(This is Part 1
of a five-part series.)
From blogging to
Zillow, today's rapidly changing real estate environment continues to challenge
both agents and brokers alike. What changes should you implement? Where are
your advertising dollars best spent? What are the economic, demographic and
digital trends that will influence your business in 2007? More importantly,
what is your strategy for selecting the unique combination of innovations best
suited to your personal business model? Over the next few weeks, we'll look at
what's coming in 2007 as well as what to implement in your business to create a
competitive advantage.
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01/19/2007 Lennar Corp. to cut home production by 20%
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Home builder Lennar Corp. lost
nearly $200 million in the fourth quarter of 2006, but said it will boost
earnings this year by cutting expenses and slowing the pace of home building by
20 percent.
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