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04/24/2007 Washington-based subprime lender closes doors
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Wholesale lender Mortgage Investment Lending Associates Inc. has closed its doors and laid off 300 employees.
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04/24/2007 NAR blames weather, subprime woes for sales drop
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The rate of existing-home sales fell 11.3 percent and the median price dropped 0.3 percent in March compared to the same month last year, the National Association of Realtors reported today.
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04/24/2007 Subprime fallout's impact on your market
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Have you ever wanted to write for Inman News? To showcase your ideas and expertise to the rest of your peers?
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04/24/2007 Consumer confidence worsens
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Rising gas prices and weaker job and economic expectations spelled more bad news for consumer confidence in April, The Conference Board reported today.
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04/24/2007 Affordable-housing advocacy group sues FEMA
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A nonprofit group that advocates for affordable housing has filed a lawsuit against the Federal Emergency Management Agency seeking access to housing assistance information related to the victims of hurricanes Katrina and Rita.
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04/24/2007 Overnight real estate rates calm
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Long-term mortgage interest rates were steady Monday, and the benchmark 10-year Treasury bond yield fell to 4.64 percent.
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04/24/2007 Some agents find bang with single-property sites
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Editor's note: In an increasingly competitive marketplace, brokers and agents are trying new things to gain an edge. In this four-part series, Inman News offers a look at new tools available for Realtors, including online communication plug-ins, online video and single-property Web site marketing. (Read Part 1.)
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04/24/2007 H&R Block enters deal to sell Option One Mortgage
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H&R Block Inc. said it's reached an agreement to sell its subprime lending subsidiary, Option One Mortgage Corp., by Oct. 31, and plans to shut down its retail loan origination business, H&R Block Mortgage, before the sale closes.
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04/24/2007 Real Estate PACs Challenged By Online Fundraising
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The first round in election fundraising has produced an unusual crop of winners and losers. This has little to do with who raised what, but instead is about the matter of how business is done in Washington.
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04/24/2007 Housing Market Distress Is A 'Teachable Moment'
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Poor mortgage choices, bad credit management, a lack of financial literacy and weak savings habits are among some of the underlying themes in the distressed housing market.
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