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Mortgage brokers fight to stay alive (Fort Wayne Journal Gazette)   Mortgage brokers who haven?t fled or been forced out of the industry are in survival mode.read more...


Beware of Fuzzy Math  If you ever found yourself dozing off in your high school math class, you may be at risk of getting hoodwinked by companies' and organizations' tantalizing but misleading numbers.read more...


Pass condos ready by year end  Pass Christian is taking the condo fever in stride. While the city awaits the finish of the massive Island Breeze at the corner of West Beach and Henderson avenues, building


Most Flood Victims Lack Insurance  As thousands of Massachusetts residents returned to flood-ravaged homes, many began to grapple with another big problem: nearly all of them lack flood insurance.read more...


Investors now shouldering the risks for home mortgages  Thanks to the growing secondary market for home mortgages, much of the default risk has been transferred from banks, thrifts and other lenders to investors who buy loans or, more


Bank of England cuts rates for first time in over two years  The Bank of England cut its key interest rate by a quarter of a percentage point to 4.50 percent, citing inflationary risks to the downside amid subdued economic growth.read more...

February 28th, 2007

Architectural Digest Latest in Design Showcase

Whether working with a raw space or updating a roomA1s dA©cor, the 2007 Architectural Digest Home Design Show, will feature the latest products from leading names and up-and-comers in home furnishings.
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February 28th, 2007

Home Depot to scale back growth

Home Depot, known for breakneck growth during much of its history, is shelving wide-eyed projections to focus instead on a major fix-up job within its retail business.
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February 28th, 2007

Scammed family wants to return home

STAMFORD - Donors gave Renee and Eric Brown more than $17,000 to pay for construction that would make their home accessible for their wheelchair-bound son, Eric Jr.
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February 28th, 2007

The Second-Home Subsidy Act

Tax preparers like to call the Taxpayer Relief Act of 1997 , the “The Tax Preparers’ Full-Employment Act” because it came with a complicated new round of tax rules.
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February 28th, 2007

They hit a four-year low, according to Commerce Department data.

In case anyone was feeling lulled into positive territory by yesterday’s report of gains in existing-home sales, today’s numbers on new-home sales will have knocked them out of their easy chairs.
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February 28th, 2007

Agencies issue subprime guidance: sources

U.S. banking regulators plan to issue eagerly awaited guidance on the subprime mortgage market as early as Thursday afternoon, two sources familiar with the matter told Reuters on Wednesday.
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February 28th, 2007

Stocks recover, but experts warn of volatility ahead

The U.S. and Chinese stock exchanges returned to a semblance of normalcy Wednesday, but concerns about both economies linger following the worst global sell-off of stocks in more than five years.
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February 28th, 2007

If You Have an Adjustable Rate Mortgage, Refinance Now (Helena Daily World)

(ARA) – With gas prices in a state of constant flux, and warnings that energy costs will be on the rise this winter, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen.

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February 28th, 2007

Fitch Rates $314.8MM Lehman Mortgage Trust Mtge P-T Ctfs, Series 2007-2 (Business Wire via Yahoo! Finance)

NEW YORK——Fitch rates Lehman Mortgage Trust $314.8 million mortgage pass-through certificates, series 2007-2, as follows: $291.3 million classes 1-A1, 1-A2, 2-A1 through 2-A13, and R ‘AAA’; $6.2 million class M ‘AA+’; $8.8 million classes B1 and BIO1 ‘AA’; $3.2 million classes B2 and BIO2 ‘A’; $2.4 million class B3 ‘BBB’; $631,000 class B4 ‘BBB-’; $1.1 million class B5 ‘BB’; $1.3 million class …

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February 28th, 2007

Fog Cutter Capital Group Inc. Announces Sale of George Elkins Mortgage Banking Unit (Business Wire via Yahoo! Finance)

PORTLAND, Ore.——Fog Cutter Capital Group Inc. announced that its wholly owned subsidiary, Fog Cap Commercial Lending Inc., has sold its mortgage brokerage unit, George Elkins Mortgage Banking Company.

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