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Housing Starts in U.S. Fell in July as Construction Stagnated By Shobhana Chandra, Bloomberg News, Aug.16, 2011 Builders began work on fewer homes in July, indicating residential real estate is failing to contribute to U.S. growth two years into an economic recovery. Housing starts fell 1.5 percent to...
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Chase Bank Returns Foreclosed Home, Modifying Loan, After Lender Law Suit Is Filed Source of Title, July 18, 2011 Not only did the Trustee Sale Reversal put the home back into Mr. Juarez's name but on 7/07/2011 CPAC sent back a signed Loan Modification agreement that this stubborn Homeowner desperately...
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National Mortgage Delinquency Rate Swells to 9.2 Percent in May: LPS Housing Wire, July 6, 2010 The national mortgage delinquency rate grew to 9.2 percent in May, up 2.3 percent from a month earlier and 7.9 percent from a year earlier, according to the latest report from mortgage performance data and...
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Home Prices Gain in 91 U.S. Cities in First Quarter May 11, 2010, Bloomberg Home prices rose in 91 U.S. cities in the first quarter as states hard hit by foreclosures began to recover and a tax credit cut the number of properties for sale. The median price of a single-family home sold in Saginaw, Michigan...
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U.S. Added 290,000 Jobs in April May 7, 2010, Wall Street Journal The U.S. economy in April added jobs at the fastest pace in four years, but the unemployment rate unexpectedly rose. The Labor Department said nonfarm payrolls rose by a higher than expected 290,000 jobs last month — the largest...
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FHA Raises Down Payments, Premiums Amid Mortgage Delinquencies Jan. 20, 2010, Bloomberg News The Federal Housing Administration is raising insurance rates and tightening credit-score rules to combat a rise in delinquencies, making a government-guaranteed mortgage more expensive for U.S. homebuyers. The...
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Here's relevant news for January 18, 2010. Treasury Dept. says loan modification picture is improved Jan. 16, 2010, Los Angeles Times After a month of intense pressure on banks and other mortgage servicers, the Obama administration on Friday reported improvement in its much-criticized program to...
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Foreclosures for major sector of bank industry topped 1 million in third quarter, report says Los Angeles Times, Dec. 21, 2009 The number of home foreclosures for a major sector of the banking industry topped 1 million for the first time in the third quarter of the year as struggles spread to homeowners...
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Housing Starts in U.S. Climb 8.9% to 574,000 Pace December 16, 2009, Bloomberg Builders in November broke ground on more U.S. homes, a sign the recovery in homebuilding may carry through into 2010. Housing starts rose 8.9 percent to an annual rate of 574,000, the Commerce Department said today in Washington...
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3rd Drop in Foreclosures Hints at Recovery; State-By-State Chart November 12 2009, USA TODAY Foreclosures fell for the third-consecutive month in October, another sign the worst of the housing crisis may be past. RealtyTrac, an Irvine, Calif., real estate firm, reports Thursday that foreclosure filings...