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Little Room For Lawns, And Not Much Need    It's almost impossible to walk through Walnut Hill without being noticed. There's a single entrance from Annandale Road into the 58-home Fairfax County community, giving it a very private,


Home construction tumbles; builders cautious  Construction of new homes plunged last month as many builders made conservative decisions in an uncertain economy, the president of the local trade association said.read more...


Countrywide reports drop in mortgage loan fundings  Countrywide Financial Corp. on Aug. 9 reported total mortgage loan fundings of $36 billion in July, compared to $42 billion in June and $44 billion in July 2005.read more...


Group Suggests Insurance Shopping  FOUR CORNERS | The prolonged slump in Florida's housing market has been blamed on a variety of factors, including prices that shot up too quickly, overbuilding, and problems in the


Mortgage rates hit 4-year high (Atlanta Journal-Constitution)  Rates on 30-year mortgages rose this week to the highest level nationally since the spring of 2002. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages


S.C. Homeowners To Get Mortgage Help (FOX Carolina)  Many South Carolina homeowners should see a reduction in their monthly mortgage payments thanks to a tax refund this month.read more...

August 4th, 2005

New Century cuts ‘05 earnings view

New Century Financial Corp. on Thursday cut its 2005 earnings outlook in the face of rising rates and mounting competition in mortgage lending, sending its shares down 9.1 percent, their biggest decline in six …

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