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May new home sales dip 0.6 percent

Posted by leonard 396 days ago Home Loans
WASHINGTON - New U.S. home sales dipped slightly last month, in another sign that the housing market recovery is likely to be gradual and prolonged. Read More
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'Vanilla' home loans could benefit borrowers

Posted by leonard 396 days ago Home Loans
WASHINGTON - If President Barack Obama gets his way, consumers who take out mortgages would automatically get a "plain vanilla" loan - such as a traditional 30-year fixed-rate mortgage - unless they opted for a riskier variety. Read More
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Obama touts major rules to stave off econ crises

Posted by leonard 396 days ago Home Loans
WASHINGTON - President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression.

Obama blamed the financia Read More
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Treasury: lending by bailout banks fell in April

Posted by leonard 396 days ago Home Loans
WASHINGTON - The value of loans held by the 21 largest institutions getting support from the government's $700 billion bailout fund fell in April, the fifth decline in six months. Read More
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Tags: treasury: lending
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Home Sellers Say New Appraisal Rules Make Deals Harder

Posted by leonard 396 days ago Home Loans
un. 17--New rules to safeguard the integrity of home appraisals are complicating the deals they're supposed to protect.

Real estate agents, mortgage brokers and buyers, as well as homeowners who want to refinance their loans, are feeling the effects of rules designed to prevent inflationary appraisals that helped fuel the housing boom. Read More
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Tags: home sellers