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09/19/2007 Housing starts, permits hit lowest level since 1995
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Housing starts and building permits in August dropped to the lowest rate since June 1995, the U.S. Census Bureau and Department of Housing and Urban Development announced today.
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09/19/2007 House passes FHA modernization bill
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The House of Representatives passed legislation Tuesday that would expand the pool of borrowers who can take advantage of FHA loan guarantee programs, which have become the centerpiece of the Bush administration's efforts to help homeowners avoid foreclosure.
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09/19/2007 Judge dismisses portions of Illinois antitrust complaint
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A U.S. District Court judge dismissed portions of a real estate broker's antitrust lawsuit filed against multiple Illinois brokerage companies, real estate professionals and Realtor associations while allowing the broker to amend the original complaint and proceed with other aspects of the lawsuit.
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09/19/2007 Dip in overnight real estate rates
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Long-term mortgage interest rates dropped Tuesday, and the
benchmark 10-year Treasury bond yield rose to 4.47 percent.
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09/19/2007 Google discusses real estate play
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09/19/2007 Title insurance industry answers GAO criticism
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Calling a GAO study that was critical of the way title insurance is marketed to consumers a "fair and thorough review," the American Land Title Association on Tuesday rolled out an industry plan to increase competition in the industry.
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09/19/2007 Retirees House Rich, Savings Poor
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Not only do most people in or near retirement plan to keep their current home, they also don't plan on tapping the large equity stake they have in their home.
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09/19/2007 HOA Insurance Deductible Resolution
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Whenever an insurance claim is filed, the issue of the deductible always raises its ugly head. The issue get more complicated when the claim involves a unit owner who is responsible for all or part of the claim. Since it's only a matter of time before the next claim will occur, be prepared by adopting a resolution that will give guidance on how the deductible question will be handled.
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09/19/2007 Huge Loan Broker Contraction Seen
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Although no one has exact numbers, the fallout from the mortgage market morass will be just as devastating for the brokerage sector as it has been for the rest of the industry, according to a long-time analyst who keeps tabs on that part of the business.
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09/18/2007 Fed slashes overnight rates by 50 basis points
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Stocks soared but yields on 10-year Treasury note stayed stable after the Federal Reserve slashed 50 basis points off both the federal funds rate -- the rate banks charge each other for overnight loans -- and the discount rate, the rate the Fed charges for direct loans to banks.
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