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05/25/2007 Contract Fine Print Matters When it Matters
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I once had a great real estate trainer tell me that fair housing laws and regulations and the adherence to them matters in the real estate transaction when it matters. What she meant by that is you may go through your whole career never facing a fair housing charge against you, but if you ever do, that's when your systems, adherence to rules and treating people with respect and fairness, matters.
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05/24/2007 More borrowers refinancing into fixed-rate loans
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The tight spread between interest rates on fixed- and adjustable-rate mortgages means more than eight out of 10 borrowers refinancing out of 1-year or hybrid ARMs are choosing fixed-rate mortgages, Freddie Mac reports.
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05/24/2007 Mortgage rates higher on consumer confidence
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Mortgage rates rose considerably this week on news of strong consumer confidence and unpredictable inflation, Freddie Mac and Bankrate.com reported today.
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05/24/2007 Trulia lands $10 million in funding
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Real estate listings search site Trulia.com has secured $10 million in financing, which the company said will go towards expansion.
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05/24/2007 New-home sales, prices sink in April
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Sales and prices of new single-family homes in April trailed their year-ago levels by double digits, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development.
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05/24/2007 Yahoo! Real Estate beefs up home values section
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In a move aimed at satisfying online consumers' growing appetite for real estate information, Yahoo! Real Estate on Thursday released a revamped home values section including new research capabilities, multiple valuation estimates from various sources and the ability to connect with local appraisers.
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05/24/2007 Bank regulators plan foreclosure forums
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Federal bank regulators plan six forums in three western states to discuss solutions for borrowers and neighborhoods affected by foreclosures.
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05/24/2007 Subprime guidance could restrict no-doc loans
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A top federal banking regulator said Wednesday new guidance now being drafted for subprime lenders should address the widespread use of stated-income loans, which present "a temptation for misrepresentation" and "outright fraud."
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05/24/2007 DOJ rips bill banning cash real estate rebates
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Realtor-backed legislation that would ban cash rebates to consumers in real estate transactions awaits the governor's signature in Tennessee.
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05/24/2007 Hike in overnight real estate rates
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Long-term mortgage interest rates were up Wednesday, and the
benchmark 10-year Treasury bond yield rose to 4.85 percent.
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