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05/18/2007 The Devil's in the Details and Contract Fine Print
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I've seen a lot of contracts fall apart right at the tail end of the transaction and it's usually because some small detail (that had important ramifications) was not taken care of. The "T" failed to be crossed and the "I" was missing a dot. Don't let this happen to you. Realtors, take notice.
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05/17/2007 Bernanke says let market guide lending practices
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The Federal Reserve is considering using its rule-making authority to ban
some mortgage lending practices as unfair and deceptive, but would prefer to
issue guidelines and improve disclosures lenders provide to borrowers.
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05/17/2007 Fair Isaac to overhaul FICO score calculations
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Fair Isaac Corp. says it is changing the way it calculates FICO credit scores to better predict the ability of a borrower to repay loans.
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05/17/2007 Second foreclosure-prevention bill introduced in Senate
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Foreclosure-prevention legislation introduced Monday by the chairman of the Senate Banking Securities and Insurance Subcommittee would beef up funding for HUD-approved financial counseling agencies and help states establish their own programs.
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05/17/2007 Housing rips hole in economic outlook
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The economic outlook darkened in April as weakness in home construction and rising unemployment claims took hold, The Conference Board reported today.
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05/17/2007 New York apartment prices buck national trend
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As the median price of a home in the U.S. declined in the first quarter, the median sales price for apartments in New York City surged 20 percent, a new report shows.
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05/17/2007 Mortgage rates rise in weekly surveys
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Mortgage rates gained this week on the Federal Reserve's belief that inflation could still pose a problem, Freddie Mac and Bankrate.com reported today.
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05/17/2007 Overnight real estate rates tick higher
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Long-term mortgage interest rates were up again Wednesday, and the
benchmark 10-year Treasury bond yield rose to 4.71 percent.
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05/17/2007 Mortgage fraud climbs 30%
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With an industry database showing a 30 percent increase in loans involving suspected mortgage fraud in 2006, the Mortgage Banker's Association is asking Congress to set aside $31.25 million over five years to hire more FBI investigators and prosecutors.
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05/17/2007 Single Women Boost Canada's Housing Market
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Thirty per cent of single, never-before-married women own their own home in Canada, according to a new survey by Royal LePage. Sixty-four per cent of divorced or separated women are homeowners, and 64 per cent of widowed women own their own houses.
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