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Ex-councilwoman sentenced to prison in mortgage fraud case (Jefferson City News Tribune)  KANSAS CITY, Mo. (AP) - A former Kansas City councilwoman was sentenced Friday to two months in prison and four months of home detention for mortgage fraud.read more...


30-Year Mortgage Rate Tops 6% (Los Angeles Times)  The average mortgage rate rose above 6% for the first time since the spring and home buyers face the prospect of higher rates in the months ahead, according to a


Mortgage giants may see changes (San Diego Union-Tribune)  As policymakers work to ease the strain on mortgage giants Fannie Mae and Freddie Mac, a consensus is emerging that the two companies will have to look substantially different in


Schumer says tighter rules needed for mortgage brokers (Market Watch)  WASHINGTON (MarketWatch) -- Mortgage brokers should operate under tighter regulations and states should be allowed to use bonds to refinance subprime loans, Sen. Charles Schumer, D-N.Y., said Wednesday.


Timing key to home sale  When Jane Lee first put her house on the market, she didn't have much success selling it.via


Mortgage rates turn higher (CNNMoney.com via Yahoo! Finance)   Mortgage rates rose last week, with the 30-year fixed mortgage averaging 6.23 percent for the latest week, up from 6.21 last week, according to Freddie Mac's survey released Thursday.read

October 31st, 2006

Wrestling the unrealistic seller (Reg Req’d)

Part 2: Navigating a tough housing market Editor’s note: In this three-part series, brokers and agents share tips and insight on approaching buyer and seller standoffs and ways professionals can keep a …
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October 31st, 2006

Canada’s housing market braces for soft landing (Reg Req’d)

Record inventory puts brakes on sales, prices Existing-home sales in Canada fell 6.7 percent below their year-ago level in September, as for-sale inventory rose to a new high, according to seasonally adjusted …
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October 31st, 2006

Mortgage applications hit a slowdown (CNN Money)

U.S. mortgage applications fell last week, despite a drop in interest rates, an industry trade group’s data showed Wednesday.

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October 31st, 2006

MFA Mortgage 3Q Profit Rises (AP via Yahoo! Finance)

Real estate investment trust MFA Mortgage Investments Inc. said Wednesday its third-quarter profit rose 19 percent, but that rising interest rates would continue to weigh on results.

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October 31st, 2006

Mortgage applications tumble 3% despite lower rates (Market Watch)

WASHINGTON (MarketWatch)—Applications for mortgage loans dropped last week by 3% compared to the prior week, as consumers shrugged at lower interest rates, the Mortgage Bankers Association reported Wednesday.

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October 31st, 2006

Another Mad Mortgage To Shun! (Fool.co.uk via Yahoo! UK & Ireland Finance)

Mortgage lender Abbey now allows homebuyers to borrow up to five times their salary. This will prove to be a huge mistake…

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October 31st, 2006

Mortgage Loan Application Volume Falls (Nasdaq)

(RTTNews) – Industry data released on Wednesday showed that mortgage loan application volume fell in the most recent week, due in part to a steep drop in refinancing activity.

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October 31st, 2006

Bankers object to mortgage license plan (Orange County Register)

A state mortgage brokers association wants uniform standards instead of the current dual qualifying system.

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October 31st, 2006

Abbey mortgage safe as houses? (Daily Telegraph)

Abbey mortgage safe as houses?

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October 31st, 2006

A look back … a look ahead: Bankrate’s Year in Review 2006-2007

This 50-plus story Bankrate guide reviews developments in the personal financial landscape over the past year, how it’s expected to play out in 2007 and sage advice on the best moves consumers should make.

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