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03/21/2007 'St. Joe 2.0' samples the many forms of faith
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With slowing real estate sales in many markets across the country, some real estate agents are willing to try almost anything to sell a house -- even if that means burying a saint.
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03/21/2007 Oodle raises $11 million in funding
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Oodle, an online classifieds search engine, has raised $11 million in funding from a new investor, JAFCO Ventures, as well as from Greylock Partners and Redpoint Ventures, both of which led the company's previous round of financing.
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03/21/2007 Home loan apps drop
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Overall mortgage application volume dropped last week amid rising interest rates, the Mortgage Bankers Association reported today.
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03/21/2007 Accredited Home Lenders gets $200 million cash infusion
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Accredited Home Lenders Holding Co. will pay 13 percent interest on a five-year, $200 million loan that will help the subprime lender stay afloat.
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03/21/2007 Overnight real estate rates stand still
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Long-term mortgage interest rates were unchanged Tuesday, and the benchmark 10-year Treasury bond yield sank to 4.55 percent.
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03/21/2007 Tighter lending standards may cut home demand by 15%
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Problems in mortgage lending go "well beyond subprime," and the tightening of loan underwriting standards now underway is likely to push demand for homes down 15 percent and depress prices by 5 percent this year.
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03/21/2007 Smaller Towns Tops In Latest 'Green' Survey
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Now you can choose a big city or a small town if you are looking for a "green" lifestyle thanks to a new study of top-rated green towns with many smaller cities at the top of the list.
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03/21/2007 Indemnify the HOA Manager
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"Indemnify" is an insurance and legal term that means "to protect against loss or damage." Just about all homeowner association management contracts have a provision which states that the HOA shall indemnify the manager under certain circumstances since it is likely that the manager will be named as a defendant in any lawsuit relating to the management of the property. For example, if somebody slips and falls on the property most attorneys representing the injured person would sue the manager as well as the HOA.
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03/21/2007 Disclosure Form Would Rate Risks
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A legislatively-imposed suitability test "would set fair lending back 25 years," according to the chairman of the Mortgage Bankers Association, which is advancing the idea of a "simple, plain English" disclosure form as an alternative to regulatory benchmarks.
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03/20/2007 Senator calls for hearing on subprime lending
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Connecticut Democratic Sen. Christopher Dodd will hold hearings Thursday on the troubles in the subprime mortgage lending industry.
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