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Mortgage Tax Deduction Is Safe, Bush Says  TAMPA, Fla. - President Bush rejected the possibility Friday that the mortgage interest deduction will be eliminated from the U.S. Tax Code.read more...


Study: It's a good bet home prices will drop   Metropolitan Phoenix has the second-highest chance of seeing home prices drop during the next two years, according to PMI Mortgage Insurance Group's new study of housing appreciation in the


9th Circuit panel overturns part of ruling against contractor (Reg Req'd)  Washington state cannot favor minority-owned businesses in awarding road-building contracts because it hasn't proven that minority contractors have experienced discrimination, a three-judge panel of the 9th ...via


2 permits bring $37M in construction (Reg Req'd)  AUSTINTOWN , Two permits issued Thursday moved the township zoning office to its highest valuation for development in 11 years.read more...


Look who's getting biggest mortgage write-offs (San Jose Mercury News)  Federal tax benefits for homeownership are among the heftiest and most popular of any in the Internal Revenue Code: An estimated $81 billion for mortgage interest write-offs, $15 billion for


Some Economic Indicators Leave Room for Optimism  Home building activity picked up speed in November, the government reported today, indicating that the housing market while off records set earlier this year remains robust in much of the

March 11th, 2008

Credit market tightens

“The market is reinventing itself daily”

The loan you qualify for on Monday might be out of reach on Tuesday. Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. via Journal Gazette



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