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Housing prices up, but sales go down (Reg Req'd)  Bay Area housing costs advanced in August, but sales declined for the second consecutive month and many observers believe the long-running price ascent will soon slow or reverse.read more...


Interest Rate Roundup  Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...


Getting a Mortgage with Bad Credit (Sleepy Eye Herald Dispatch)  (ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the


Home Builders Mothball Homes To Avoid Selling at a Loss  As the glut of unsold home remains high and housing demand slides, Lennar Corp. and others in the industry are deciding not to sell until market conditions improve.


Applications available for Chamber's annual Building Awards Program  The Staten Island Chamber of Commerce is now accepting applications for the 2006 Annual Building Awards for Excellence in Design and Construction.read more...


Supplier's Method Limits Waste In Construction  American landfills are chock-full of the wasteful aftermath of home construction.read more...

June 30th, 2007

Mortgage Meltdown Spurs More Enforcement

“Because we don’t license or register (loan originators), there’s nothing we can do about it.”

New Hampshire’s banking commissioner says the mortgage meltdown sweeping the country shows it’s time to allow the state to license loan “originators.” The state licenses mortgage bankers and brokers, but does … via WPTZ.com



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