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Developers Try to Limit Speculative 'Flipping'    For the past few years, it has been a way to make easy money: Sign a contract to buy a property when it is still nothing more than a


Many sellers leery of buyers with a home to sell   What do you do if you find the home you want to buy and yours is not sold? Perhaps your home is not even on the market? Most sellers


New Year Opens With Inspector Licensing and Tax Increases    The new year brings new rules -- and, in some places, higher taxes for home buyers and sellers. read more...


3 plead guilty in fraud scheme  MANATEE - Three people accused of operating a multi-million-dollar mortgage-fraud scheme centered on East Manatee pleaded guilty to criminal charges Friday, the same day a federal grand jury indicted four


Once Ranked Prime, Now They're Pinched    Call it the credit risk hangover after the housing boom binge. Home buyers and refinancers who cannot come up with sizable down payments and whose FICO credit scores are


Home affordability at record low   Affordability has dropped 10.3pc since March 2006 HIA index at lowest level since 1984 Property: Latest property news, tips HOUSING affordability has fallen to its lowest level ever recorded

October 31st, 2007

Paulson Hedge Funds Cut Subprime-Mortgage Bets, Extend Gains (Bloomberg.com)

Nov. 1 (Bloomberg)—Paulson & Co. scaled back bets against subprime-mortgage securities, recording investment profits that helped the New York-based hedge-fund manager double assets to $24 billion this year.

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