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07/24/2007 California mortgage defaults hit 10-year high
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Lenders sent California homeowners the highest number of mortgage default notices in more than a decade during the second quarter, the result of flat or falling prices, anemic sales and a market struggling with the excesses of the 2004-2005 home-buying frenzy, a real estate information service reported.
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07/24/2007 ActiveRain introduces agent referral tool
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The ActiveRain Network -- a social networking site that's attracted more than 35,000 real estate professionals -- has rolled out a new tool to make it easier for members to refer clients to each other.
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07/24/2007 Realogy affiliates get healthcare options
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The largest real estate company in the U.S., Realogy Corp., on Monday said it will offer healthcare options to the more than 250,000 sales associates affiliated with its brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial and ERA.
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07/24/2007 Wells Fargo stops making 2/28 ARM loans
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Wells Fargo Home Mortgage says it's discontinuing its subprime 2/28 and one-year adjustable-rate mortgages (ARMs) in response to new guidance from federal regulators and downgrades on subprime bonds by ratings agencies.
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07/24/2007 Real estate rates mixed overnight
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Movement in long-term mortgage interest rates varied Monday, and the benchmark 10-year Treasury bond yield held at 4.95 percent.
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07/24/2007 New Mexico pushing 6.3% cut in title insurance rates
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New Mexico regulators propose rolling back title insurance rates in the state by 6.3 percent on Sept. 1, although the industry has the right to appeal the change to the state Public Regulation Commission.
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07/24/2007 Vendors cope with real estate downturn
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Editor's note: How bad will the real estate market get before it gets better? Inman News compiles the facts and analysis in this five-part series. (Read Part 1, "The housing market: How bad will it get?")
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07/24/2007 Most Consumers: Mortgage Pitches Not Credible
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Most mortgage consumers just aren't buying it.
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07/24/2007 Media Attention on Highrise Child Falls Masks the Real Home-based Threat
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Window screens are designed to keep bugs out, not children in.
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07/24/2007 Bermuda for the Bermudians!
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If you want to find one of the most beautiful places on earth, just head east about 650 miles from North Carolina to Bermuda, officially an overseas territory of the United Kingdom, but in reality a micro-country with it's own way of doing business.
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