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09/24/2007 Morgan Stanley accused of discriminatory lending policies
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Policies imposed by Morgan Stanley on its wholesale mortgage lending subsidiary discriminate against minorities, a complaint to federal regulators alleges -- the first time such charges have been leveled against a Wall Street investment firm over the securitization and sale of mortgage loans on the secondary market.
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09/24/2007 RealUmbrella seeks to shut agents out of transactions
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RealUmbrella, a new site for home buyers and sellers that launches today in California, will not make many friends in the real estate brokerage industry, but it's not supposed to.
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09/24/2007 Real estate rates higher overnight
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Long-term mortgage interest rates were up again Friday, and the
benchmark 10-year Treasury bond yield dropped to 4.62 percent.
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09/24/2007 Realogy exec on market changes, MLS
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09/24/2007 Market Conditions
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Prices move slowly in Denver, Colorado, as a market corrects to an oversupply of homes on the market.
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09/24/2007 Real Estate Association Prioritizes Re-establishing Trust
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"Right now, there is a crisis of trust and [consumers] don't know who they can or cannot trust," says Tim Sandos, President and CEO of the National Association of Hispanic Real Estate Professionals (NAHREP).
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09/24/2007 New Market Drivers Put a Positive Tone on all the Negative
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Through the first half of calendar 2007, builder revenues are down, home deliveries are off and pretax profits are well below year earlier levels. According to Fitch's new forecast for the balance of 2007, it appears likely that builders' financial pressures will continue unabated with full year revenues dropping 30 to 35 percent, on average, while pretax profits, before real estate charges, could plummet 75 to 80 percent. Yet, not unlike life, there are positive opportunities in the negative if we are looking and keeping our eyes opened for them.
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09/24/2007 Realty Rumble: (Not Mike) Tyson Vs. Discontent
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Chicken Little is nobody's hero.
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09/24/2007 FHA Home Loan Program Poised to Take Off -- Big-Time
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FHA-insured home mortgages -- marginalized or squeezed out of the market during the subprime loan boom years -- are poised to roar back. And if Congress passes a compromise version of FHA reform legislation, maximum loan limits for FHA could rise immediately to $417,000 -- or even a lot higher.
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09/24/2007 Housing Counsel: Condo Owners Have the Right to Inspect Books and Records
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Question: I own a condominium unit here in the District of Columbia and believe that our association is having financial problems. Recently, I sent a letter to our Board of Directors, asking for a copy of the most recent monthly financial report, as well as the name and mailing address of all co-owners. The Board responded that the privacy laws prevented the Board from providing that information.
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