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10/26/2007 Countrywide's $1.2 billion quarterly loss first in 25 years
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Countrywide Financial Corp. today reported $1.2 billion in third-quarter losses -- the first time the company has dipped into the red in 25 years -- but said it will be profitable in the fourth quarter after tightening underwriting guidelines and shedding workers to reflect lower loan volumes.
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10/26/2007 Standard Pacific reports $120 million quarterly loss
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Standard Pacific Corp. (NYSE:SPF), a home-building company that some analysts have suggested may be heading toward bankruptcy, on Thursday reported a net loss of $119.7 million in the third quarter, or $1.85 per share.
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10/26/2007 Mortgage insider explains loan rip-offs
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I love insiders. Maybe it's because I'm a New Yorker, but I always want to find the "insider connection" who will get me the "best deal."
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10/26/2007 Further declines in overnight real estate rates
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Long-term mortgage interest rates were down again Thursday, and the
benchmark 10-year Treasury bond yield gained to 4.38 percent.
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10/26/2007 Big referral fees lure agents into second-home market
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Would you like to receive $5,000 or more for a single telephone call? If so, there's a great way to make more money if you're willing to step out of your normal real estate market area.
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10/26/2007 Credit crunch slams California home prices, sales
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The sales rate of previously owned single-family homes fell 38.9 percent in September compared to the same month last year, while the median price declined 4.7 percent and the months' supply bloated to 16.6 months, the California Association of Realtors reported today.
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10/26/2007 Going paperless with a real estate closing
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10/26/2007 The Psychological Effects of Disasters
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When disaster strikes, humans react in different ways, but most will experience anxiety and stress. How one copes with that stress and anxiety differs from person to person.
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10/26/2007 Worries Over Slower Economy Helped Mortgage Rates to Fall
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McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.33 percent with an average 0.5 point for the week ending October 25, 2007, down from last week when it averaged 6.40 percent. Last year at this time, the 30-year FRM averaged 6.40 percent.
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10/26/2007 Housing Woes Dampen Home Improvement Activity
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Homeowners are still bullish on home improvements, but the uncooperative housing market, coupled with hard mortgage money, is making them think twice about getting work completed.
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