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Federal Reserve's funds rate continues steady upward march  The Federal Reserve raised a key interest rate yesterday - a move that some observers said could make it harder for homebuyers to qualify for mortgages.read more...


Tax Law Gave Rise To Second-Home Boom    If you are thinking about buying a second home this spring -- or you bought one in the past couple of years -- you are part of a major


County reorganizing: Board hopes to consolidate services, sell Plaza building  Winona County is embarking on a plan that could be disruptive for employees but would ultimately provide better customer service.via


Homebuilding picture better  Banc of America Securities upgraded the home building sector to "neutral" from "underweight" Thursday and raised its price targets on major builders, citing its improving outlook for traffic, affordability and


Truth-in-Labeling Hits the Garden Center  Starting this year, comparison shopping will get easier for plant buyers.via


Thousands of first-time buyers will be given financial assistance on...  Thousands of first-time buyers will be given financial assistance on to the housing ladder under plans outlined by Chancellor Gordon Brown.via

March 29th, 2007

Sub-Prime Lenders Failing To Require Escrow Accounts

As financial regulators and Congress probe more deeply into the delinquencies and foreclosures roiling the sub-prime home loan market, one key contributing factor is receiving increased attention: the lack of …
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