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Home improvement starts at home (Reg Req'd)  FULLERTON This city is the first in Orange County, and possibly in Southern California, to offer online building appointments, according to city building official Hadi Tabatabaee-Pour. The free service allows


Buffett blames banks for credit crisis  Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, U.S. billionaire investor Warren Buffett told newspaper El Pais in an


AFL-CIO plans investment in La. projects  The AFL-CIO plans to invest $700 million in housing and other projects to help rebuild this city left staggered by housing shortages and other infrastructure problems after Hurricane Katrina.read more...


Foreclosure Filings Soar in 3rd Quarter    A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time


House panel weighs tax relief on mortgage debt (Reuters via Yahoo! News)   Homeowners who lose their house to foreclosure would no longer face a federal tax bill for their unpaid mortgage debt under a bill being drafted in U.S. House of


Some mortgage lenders to 5.125% (BizJournals)  Downward pressure on mortgage lenders continued this week, with Finance Factors posting a 5.125 percent rate while others joined the crowd at 5.25 percent, the Honolulu Board of Realtors reported

May 10th, 2006

Fed Raises Key Rate For 16th Straight Time

The Federal Reserve lifted the key federal-funds rate to 5% the highest level in more than five years. The central bank signaled that it may take a pause to assess the impact of its string of increases.

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