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Dec. Unemployment Rate Lowest in Nearly 3 Years By Tim Mullaney, USA TODAY, Jan. 6, 2012 The U.S. job market strengthened in the second half of 2011 and added 200,000 jobs in December while the unemployment rate fell to 8.5 percent from a revised 8.7 percent a month earlier. December's biggest growth...
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Florida Fights to Move Foreclosure Notices to the Web By Steve Bousquet, Miami Herald, Dec. 4, 2011 Some Florida state legislators want to move legal notices of foreclosures from newspapers to the Internet. The move has sparked a debate over access to information and charges of favoritism. Future of...
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August Housing Starts Fall More than Expected By Jason Lange, Reuters, Sept. 20, 2011 Housing starts decreased the most since April, down 5.0 percent to a seasonally adjusted annual rate of 571,000 units, the Commerce Department said on Tuesday. An overhang of previously owned homes on the market has...
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Effort on Home Loans Stalls By Nick Timiraos and Ruth Simon, Wall Street Journal, Sept. 19, 2011 A year after U.S. banks slowed down the foreclosure machine as a result of pressure from judges and regulators, the foreclosure process remains snarled. Last September, GMAC Mortgage LLC, one of the nation's...
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Foreclosure Overhaul Leads to Hawaii Housing Glut July 3, 2011, Associated Press When Hawaii passed a new law with extensive protections to prevent residents from losing their homes, it was hailed as the nation's strongest foreclosure law — maybe too strong, many warn. In response to the law...
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Foreclosure Filings Hit 3-year Low, Report Shows April 14, 2011, Reuters U.S. foreclosure filings fell in the first quarter to the lowest level since early 2008 amid an ongoing backlog following last year's halt in activity, according to a RealtyTrac report on Thursday. Default notices, scheduled...
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Goldman Sachs’s Litton Mortgage Unit Resumes Some Foreclosures March 1, 2011, Bloomberg News Goldman Sachs Group Inc.’s mortgage-servicing unit, which suspended some evictions and foreclosures in October, has recently resumed some of those activities, according to a regulatory filing today...
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Nearly One in Four Second-quarter Home Sales a Foreclosure September 30, 2010, Reuters Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties in about three years, RealtyTrac said. Wall...
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10 Reasons To Buy a Home September 16, 2010, Wall Street Journal Enough with the doom and gloom about homeownership. Sure, maybe there's more pain to come in the housing market. But when Time magazine starts running covers that declare "Owning a home may no longer make economic sense,"...
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US Homes Lost to Foreclosure Up 25% on Year September 16, 2010, Associated Press Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the...