
Home foreclosures continue to rise
The number of US homes lost to foreclosure surged in July, another sign lenders are moving more quickly to take back properties from homeowners behind in payments.
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Paulson’s bet on PMI drives company stock higher
Hedge fund buys 5 million shares of Walnut Creek mortgage insurer
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August 19, 2010 | Posted in
Foreclosures |
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Interest rate falls for USDA Rural Development home mortgage loans
Effective Aug. 1, the U.S. Department of Agriculture Rural Development decreased its home mortgage interest rate for direct homeownership loans to 4.5 percent. Ample funds are available through Sept. 30, due in part from funding received through the American Recovery and Reinvestment Act. The ARRA dollars [...]
August 17, 2010 | Posted in
Mortgages |
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Agents: Local housing market OK
Buyers still looking, Realtors say By Whitney Snipes government@couriernews.com Although housing markets in some states, including Florida and California, have taken huge hits resulting in severe loss of home values, real estate in the Arkansas River Valley is faring better.
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NOTICE OF PUBLIC HEARING CITY COMMISSION [...]
August 12, 2010 | Posted in
Mortgages |
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U.K. House Prices Up 0.6% In July: Halifax
U.K. House Prices Up 0.6% In July: Halifax
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PulteGroup Posts Profit for Q2
Homebuilder PulteGroup posts profit in 2nd quarter as tax credits expire United States – Business – Taxation – Accounting – Pulte Homes
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Andy Xie on Chinas Empty Apartments
I recall a [...]
August 4, 2010 | Posted in
Mortgages |
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Finally a small bit of good new for home owners, house prices went up a little bit. According to figures released by the Department of Local Communities and Local Government (DCLG), the average price of a property rose by one percent to 217, 171 in July from June’s 215, 029 average. It is welcome news [...]
July 3, 2010 | Posted in
Mortgages |
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A leading UK bank, Lloyds TSB, has announced as at 31 October their Scottish House Price Monitor showed the average property in Scotland dropped in value by 4% in the quarter August to October 2008.
The bank has stated this is the largest fall since their monitoring system was introduced 16 years ago.
However, [...]
June 23, 2010 | Posted in
Mortgages |
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Bank of America’s King Midas
Bank of America chief executive officer Brian Moynihan seems as if he can do no wrong these days — a pleasant surprise given how little excitement his hiring generated in the first place.
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Association update: Capitol Hill visit a huge success
On May 5, the legislative committee of the [...]

US government begin sell-down of Citigroup
The US government says it has completed the sale of around 20 per cent of its stake in Citigroup, and would press on with the sale of its remaining 6.2 billion shares.
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Spending ’shock wave’ just the start, ministers warn – Mon, 24 May 2010 12:35:54 +0100
Mark Lofthouse, [...]

Rising home sales likely to cool despite low rates
WASHINGTON — A now-expired homebuyer tax credit and low mortgage rates helped boost sales of previously occupied homes in April. The improvements aren’t likely to last. The tax credit is now gone. An
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INSIGHT-Spotlight on Goldman making wealth unit uneasy
* No signs of [...]

Business : US durable goods orders surge in April on aircraft
WASHINGTON – New orders for long-lasting U.S. manufactured goods excluding transportation unexpectedly fell in April, but a jump in overall orders to a 1-1/2 year-high offered assurance the economic recovery remained on track.
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Levels of Housing Discrimination Remain at Historic High in [...]