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Defendant refinanced home before man shot  Two days before a Jacksonville house framer was shot and robbed of $35,000, the undercover fraud investigator accused in the shooting refinanced his Lake City home, trading a $575 monthly


Airport Delays Continue  It's supposed to be the big opening day for the new Midfield Terminal. Instead people traveling Wednesday continue business as usual at Southwest Florida International Airport.read more...


CIT Group closes mortgage unit, takes charge (Reuters via Yahoo! News)   CIT Group Inc , the consumer and commercial finance company, on Tuesday said it has closed its mortgage lending operations, the latest to abandon the sector amid difficult market


U.S. MBA's Mortgage Applications Index Dropped 4% (Update4) (Bloomberg.com)  Aug. 29 (Bloomberg) -- The interest rate charged for one- year adjustable loans jumped last week by the most since the Mortgage Bankers Association began keeping records in 1996.read more...


Form Follows Function  Q. I have read a lot about ideas for positioning a home on a lot to take advantage of the sun's light and warmth, but I'm not sure exactly what


Mortgage-backed term cover plans face hiccups (The Hindu)  The mortgage reducing assurance covers are pure risk plans assigned to the lenders and introduced initially by life insurers to ride the housing loan boom.read more...

December 27th, 2006

Sales of new homes post better-than-expected gain around U.S. in November

WASHINGTON —Sales of new homes rose in November while the backlog of unsold homes fell for a fourth straight month, providing hope that the serious slump in housing could be ending.
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