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Katrina could have major effect on building (Reg Req'd)  Hurricane Katrina could trigger a nationwide spike in demand for skilled construction workers, compounding the recovery process and putting a damper on home building projects across the Southeast, according to


NLY Dividends Take Another Hit  The yield curve is working it's magic on the mortgage industry. "Annaly Mortgage Management Inc.read more...


Triangle could feel ripple from bubble  Don't worry, Triangle homeowners, your home prices aren't getting ready to crash.read more...


Macquarie buys Canadian mortgage broker (Sydney Morning Herald)  Macquarie Mortgages has acquired Canadian mortgage broker Cervus Financial Corp for $C12.5 million ($A15 million). Macquarie Bank's global head of mortgages Frank Ganis said the purchase would add to the


GMAC's ResCap mortgage unit to cut 3,000 jobs (USA Today)  GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25% of the workforce, from its Residential Capital mortgage operation.read more...


A Good Credit Score Puts Help at Risk    It may be the only test you flunk if you score too high: It's called the FICO credit-score test, and it is a key element of the sometimes-arcane guidelines

May 7th, 2008

Pending sales of existing US homes falls to low in March as housing slump continues

Pending home sales dropped to a new low in March, an industry group said Wednesday, signaling the housing slump has yet to bottom out even as the spring sell season gets under way. via PR-inside.com



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