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05/21/2007 Coldwell Banker buys Canadian franchisor
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Coldwell Banker Real Estate Corp. has acquired one of its North American master franchisors, Coldwell Banker Canada, in a move that expands the company's network in Canada and aims to help affiliated Canadian brokers work cross-border business leads and opportunities.
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05/21/2007 Overnight real estate rates keep climbing
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Long-term mortgage interest rates were up for the sixth consecutive day on Friday, and the benchmark 10-year Treasury bond yield rose to 4.81 percent.
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05/21/2007 House amends GSE reform bill to allow larger loan portfolios
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A long-debated bill intended to overhaul oversight of Fannie Mae and Freddie Mac could become bogged down again in Congress this year because of an amendment that sets aside a compromise with the Bush administration over how much authority the government will have to set limits on the mortgage repurchasers' loan portfolios.
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05/21/2007 Vacation Property Sales Increase
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According to the National Association of Realtors, more than one million people bought vacation homes in 2006. Industry experts say the NAR data is good news for those considering purchasing a vacation home.
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05/21/2007 At Last, Traction For New Orleans' Recovery
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Hard times remain for the Big Easy with many of the city’s basic services and infrastructure still quagmired, but the town is repopulating, home values are on the rise and the rental market is strong.
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05/21/2007 Housing Counsel: Working With Real Estate Professionals
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Question: My husband and I are in the market for our very first house. We believe that this is a good time to buy, especially when mortgage interest rates are still quite comfortable. We know that once we find a house we like, we have to enter into a real estate contract with the seller.
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05/21/2007 Lender Discrimination Based on Property Type or Location?
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Just about everybody active in real estate knows that mortgage lenders are required to treat loan applicants equally and fairly, approving applications on the basis of creditworthiness, not race, gender, age, disability or religion.
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05/18/2007 Realtor.com rolls out free blogs for Realtors
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WASHINGTON, D.C. -- Realtor.com President Errol Samuelson today announced the availability of free blog sites for all Realtors and also announced several new and planned features for the popular property-search Web site, which is operated by Move Inc. and is affiliated with the National Association of Realtors trade group.
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05/18/2007 Bernanke wrong about subprime
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Rates are up, decisively: mortgages are 6.375 percent, taken by the 10-year T-note blowout from five weeks in the four-sixties to 4.77 percent, very much at risk for further increases.
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05/18/2007 New Jersey bank closes subprime unit
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A federally chartered bank in New Jersey closed its subprime lending subsidiary in March and fired employees who concealed "an onslaught of early payment default claims" in 2006 from its parent company, executives said.
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