Sales of existing homes fell in July for a fourth consecutive month, further evidence that housing troubles are far from over.
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This week’s latest figures on new and existing home sales may not be accurately representative of the national housing market as a whole.
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Countrywide Financial, America’s largest mortgage lender, said this week that more borrowers with good credit were falling behind on their loans - and that the housing market might not begin recovering until 2009 because of a decline in house prices that goes beyond anything experienced in decades.
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The last few years have been tough on real estate appraisers in the Colorado housing market.
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Mortgage applications fell for the first time in a month, hitting a five-month low and reflecting a drop in home purchase loan demand, an industry group said Wednesday.
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With problems regarding home loans continuing to pile up, certain states are taking matters into their own hands in order to protect consumers.
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This week’s featured story from Broker Magazine focuses on a round table of home mortgage brokers. They discussed the state of the subprime mortgage market. Let’s listen in…
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Federal investigators are probing a possible rash of Minnesota mortgage fraud in the Twin Cities in response to reports of a large number of unusual real estate transactions in north Minneapolis and elsewhere.
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After the bad credit mortgage market collapsed, many products that were widely available have disappeared from the scene.
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Leonardo Simpser has blunt advice for homebuyers considering a funny-money subprime loan requiring no documentation: Don’t!
“If you can’t afford to buy a house,” he says, “don’t buy a house.”
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