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Mortgage bankers see home-sales record in '05  The hot U.S. housing market will hit records in 2005 but begin to cool off in 2006, the Mortgage Bankers Association said Tuesday in a forecast that changed earlier predictions


Guilty plea in mortgage fraud case (The Kansas City Star)  A Kansas City man pleaded guilty Friday to his role in a mortgage fraud scheme that also allegedly involves a former Jackson County executive and her husband.read more...


Low Rates Could Be Around for Long Term  WASHINGTON, June 26 - Federal Reserve officials, who meet this week, are beginning to suspect that the perplexing decline in long-term interest rates is more than a temporary aberration.via


Fitch Downgrades 5 and Affirms 10 Classes from 5 Credit Suisse First Boston Mortgage (CSFB) Securities Corp. Issues (Business Wire via Yahoo! Finance)   Fitch Ratings has taken rating actions on the following CSFB Mortgage Securities Corp. issues:read more...


Valley home listings at a decade high  It couldn't go on forever. Analysts say the Valley's homebuilding frenzy is cooling, leaving more than 800 homes on the market last month -- more than at any time in


Chavez Reinvents 'Socialism' in Venezuela   A landslide all but wiped out Wilfredo Rodriguez's small shoemaking business last year, entitling him to a loan from President Hugo Chavez's government _ money he says he never would've

May 3rd, 2006

Ameriquest Mortgage out of business (BizJournals)

The parent company of Ameriquest Mortgage Co. and Town and Country Credit retail mortgage subsidiaries has announced it will close all 229 retail branch offices and the layoffs of about 3,800 workers nationwide, effective immediately.

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