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Golden State real estate loses its luster (Reg Req'd)  Golden State real estate loses its luster Forecast calls for home prices to flatten California's housing production is expected to drop slightly in 2006, the California Building Industry Association reported


Revving Up New Century?  Even though New Century Financial beat analysts' first-quarter forecasts, shares have fallen to 46.28, down from 66 in December.via


GMAC Financial Swings to Loss on ResCap  "Given GMAC's strategic importance to General Motors, we think that GMAC's owners will not risk the firm's viability in its efforts to stabilize ResCap" By J.W. ELPHINSTONE The Associated


KCRA 3 Investigates: Mortgage Lenders Apparently Operating Through Loophole (KCRA TheKCRAChannel.com via Yahoo! News)   The alleged mortgage fraud exposed by KCRA 3 is having a direct effect on property values in Elk Grove.read more...


Man to be sentenced in mortgage scam (The Clarion-Ledger)  Edward Young will be sentenced today in federal court in a multimillion-dollar mortgage fraud scheme.read more...


Dangerous crossing (Reg Req'd)  The search has taken weeks, maybe even months, and you've finally found it: your dream house.read more...

May 4th, 2005

Westpac Banking’s First-Half Profit Rises to a Record on Business Lending

Westpac Banking Corp., Australia’s fourth-largest bank, said first-half profit rose 8 percent to a record after it increased loans to companies as the nation’s exports surged.

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