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Bosses Bring the Office To the Beach House  The new vacation-home executive suite is bigger, better and professionally equipped.via


U.S. Housing Starts Fall 5.6 Percent; Permits Drop by Most in Six Years  U.S. housing starts fell in October and building permits dropped by the most in six years, suggesting higher mortgage rates are chipping away at home construction after four straight years


ADV: Your Family Will Thank You  Protect your family with affordable life insurance. Get free quotes from leading insurance companies in just minutes. Apply online and save up to 70%!via


HBOS's £500m mortgage move an 'encouraging' sign (Daily Telegraph)  HBOS, Britain's largest mortgage lender, yesterday completed the first mortgage securitisation since the credit markets seized up in August last year.read more...


Dirt is green  When he talks about building a house out of dirt in a historic Roanoke neighborhood, architect Gregg Lewis begins to look just slightly maniacal.via

May 10th, 2008

In mortgage market, walkaway homeowners may be urban myth (Los Angeles Times)

Bankers and housing analysts say many homeowners, owing more than their homes are worth, are defaulting on their loans even when they can afford payments. But no hard numbers back up their claims. Bankers and housing market analysts are warning of a chilling new trend in the mortgage world: Homeowners voluntarily defaulting on their loans even though they can actually afford to make the …

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