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05/18/2007 Loan officer caught after botching fraud scheme
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A Eugene, Ore., mortgage loan officer faces up to 20 years in prison after pleading guilty to falsely reporting three clients as employees at his girlfriend's used-clothing store in order to qualify them for loans.
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05/18/2007 Cyberhomes, Zillow seek for-sale data from brokers
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Cyberhomes.com, an automated home-valuation site operated by Fidelity National Real Estate Solutions, is now open to for-sale property listings information, Fidelity officials announced Thursday.
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05/18/2007 The Hail Mary
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I have spent two days running around with a relocating renter and I am tired. Relos are hard, because in the quest to find them the neighborhood that "fits" you end up showing them every single possible area -- usually on foot. We saw the Financial District, we saw Battery Park City, we saw Union Square and Chelsea and Midtown. We saw Greenwich Village, twice, and I waved at Chinatown because there's nothing good there now, but it's where my last renter ended up.
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05/18/2007 Redfin fined $50,000 over home-review sites
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Seattle-based online discount brokerage company Redfin, under pressure from the multiple listing service, has pulled the plug on its Web logs offering reviews of properties for sale.
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05/18/2007 H&R Block to trim Option One workforce before sale
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H&R Block Inc. will eliminate 615 jobs at its subprime lending subsidiary Option One Mortgage Corp. as part of a cost-cutting restructuring plan that's expected to cost $19 million up front, according to a report the company filed Thursday with the Securities and Exchange Commission.
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05/18/2007 Uptrend hits overnight real estate rates
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Long-term mortgage interest rates were up for the fifth consecutive night on Thursday, and the benchmark 10-year Treasury bond yield rose to 4.75 percent.
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05/18/2007 What's next for real estate?
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It's almost midyear and time to reassess what's next for the real estate industry. Inman News Publisher Bradley Inman makes some predictions for what's to come in online real estate and market conditions.
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05/18/2007 Body language reveals home buyer's true intent
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(This is Part 5 of a six-part series. Read Part 1, Part 2, Part 3 and Part 4.)
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05/18/2007 Mortgage Rates Edge Up on Fed Inflation Jitters
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McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.21 percent with an average 0.4 point for the week ending May 16, 2007, up from last week when it averaged 6.15 percent. Last year at this time, the 30-year FRM averaged 6.60 percent.
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05/18/2007 Mortgage Fraud Spreading, Blamed For Housing Bust
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Mortgage fraud rose 30 percent last year; it is spreading nationwide, and it's getting the blame for the housing bust.
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