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01/23/2008 MGIC expects $1.3 billion Q4 loss
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Mortgage insurer MGIC Investment Corp. expects fourth-quarter losses to hit $1.3 billion and that the company will stay in the red this year as it pays out up to $2 billion in claims, up from a previous estimate of up to $1.5 billion.
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01/23/2008 Real estate rates fall overnight
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Long-term mortgage interest rates dropped Tuesday, and the
benchmark 10-year Treasury bond yield tumbled to 3.44 percent.
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01/23/2008 Title insurance reform on hold in New Mexico
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New Mexico lawmakers will have to wait a year before tinkering with the state's uniform title insurance rate regulations, with Gov. Bill Richardson saying the issue is too complex for legislators to tackle in their lone 30-day meeting session this year.
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01/23/2008 Redfin real estate blog moves east
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Seattle-based real estate brokerage company Redfin has expanded its Sweet Digs real estate blog network to the East Coast with the launch of Sweet Digs in Greater Boston and the Washington, D.C., metropolitan area.
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01/22/2008 Fed's interest-rate cuts will benefit ARM, HELOC borrowers
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The unscheduled and dramatic cut in short-term interest rates announced today by the Federal Reserve will provide immediate relief for borrowers with home-equity loans or facing interest-rate resets, mortgage market experts say.
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01/22/2008 BofA, Wachovia, Ambac reveal Q4 write-downs
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Losses on securities and derivatives backed by mortgages and other debt largely cancelled out fourth-quarter profits at Bank of America Corp. and Wachovia Corp, and left bond insurer Ambac Financial Group Inc. $3.26 billion in the red.
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01/22/2008 California foreclosure activity still rising
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The number of mortgage default notices filed against California homeowners jumped last quarter to its highest level in more than 15 years, a real estate information service reported.
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01/22/2008 Fed slashes target rate to 3.5%
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The Federal Open Market Committee today lowered its target for the federal funds rate 75 basis points to 3.5 percent -- the steepest cut since 1984 -- in an attempt to prevent a market meltdown and recession.
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01/22/2008 Connect Duet: Craig Newmark and Martin Nisenholtz
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01/22/2008 Fitch warns of First American Corp. ratings downgrade
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Analysts at Fitch Ratings say it's likely they'll lower the ratings of First American Corp. and its title insurance companies by a notch once the company posts results for the year on Feb. 28.
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