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08/21/2007 Consolidation, collaboration breaking down MLS walls
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Editor's note: Long a crucial center of a healthy, functioning housing market, the MLS now finds itself having to adjust and reinvent to keep up with changing times. This three-part series examines new initiatives in data-sharing and consolidation, as well as debates over public-facing property search sites and the MLS's role in broker cooperation and offers of compensation.
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08/21/2007 Capital One closing GreenPoint, laying off 1,900
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Capital One Financial Corp. said Monday it's shutting down its wholesale mortgage banking unit, GreenPoint Mortgage, but will meet contractual obligations to customers with loan commitments in the pipeline with rates locked.
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08/21/2007 Seeing Through The Veil of Staging
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In the brave new money-tight world of housing, the growing inventory of homes is prompting more and more sellers to stage the deal so it stands out from the pack.
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08/21/2007 TREB: August Prepares to Roar into Fall Market
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Resale home transactions reached unprecedented heights in the first half of August, up 17 per cent from the same period in 2006, Toronto Real Estate Board President Donald Bentley announced.
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08/21/2007 New North Carolina Mortgage Law Chills Washington Lobbyists
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With a number of mortgage reform bills in Washington now under consideration, it's interesting to see what progressive consumers and business folk can pull off by working together.
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08/21/2007 Air Conditioning is Just One Property Management Example
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The market volatility playing out in the media serves as an unnerving backdrop for teeter-totter uncertainty about real estate that receives ongoing coverage. This economic stress could drive property owners and buyers into a frenzy. Research, however, not emotional reaction, is the key to thriving in the face of unpredictable change. Research will allow you to 'zig' while others 'zag' and to come out on top in most, if not all, situations.
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08/21/2007 Market Conditions
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Boise, Idaho, has reported mixed messages about its local real estate market.
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08/20/2007 Countrywide reportedly laying off workers in Alt-A division
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Countrywide Financial Corp. has begun laying off an unspecified number of workers in its Full Spectrum Lending unit, the Wall Street Journal reported, citing an e-mail sent Friday to employees of the division.
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08/20/2007 Real estate feedback site also offers monitoring tools
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Prudential California Realty, a HomeServices of America subsidiary that has about 4,600 sales associates and 82 offices in Southern and Central California, is testing out new tools that are intended to aid its agents in monitoring online consumer feedback.
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08/20/2007 Lawmakers continue push for stronger role for Fannie, Freddie
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Mortgage repurchasers Fannie Mae and Freddie Mac should be allowed to play a greater role in easing the mortgage lending credit crunch, say lawmakers who want to raise the conforming loan limit and lift caps on Fannie and Freddie's loan portfolios.
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