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ANALYSIS-Canadian housing: bursting bubble or gentle landing?
ReutersBy Andrea Hopkins TORONTO, May 2 (Reuters) - It's looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States. In what is traditionally the...Tags: Homes, Carney (music group), Philosophy, Services and Shopping, Canada
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Mortgage rates hover near all-time lows
Tribune reporterThe average interest rate on a 30-year, fixed-rate mortgage continued to hover near its all-time low this week while the 15-year rate fell to a new low, Freddie Mac said Thursday. For a 30-year, fixed-rate mortgage, this week's average rate of 3.35...Tags: Freddie Mac
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FHA financing attracts larger pool of buyers
Q: I own a condominium in an eight-unit building. I am preparing my unit for sale and my Realtor says that our association should get the building FHA approved so that prospective buyers who plan to use FHA-backed mortgages can be viable prospects. Can...
Tags: Real Estate Buyers, Federal Housing Administration, Services and Shopping, Real Estate, Condos
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Redfin's valuation tool puts homeowners in driver's seat
For the past six years, the question "what's my home worth" caused homeowners to wince. With some optimism now in the real estate market and more transactions occurring than have in years, Redfin thinks homeowners and potential homebuyers are ready to...
Tags: Homes, Services and Shopping, Real Estate, Science and Technology, Real Estate Transactions
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How can unemployed homeowner preserve credit rating?
Real Estate MattersQ: I met Ilyce at a speech she gave last year about financial planning and retirement. Last week, I was laid off by the company that sponsored the speech. My savings have been depleted due to my previous unemployment in 2009 and 2010. I cannot make my...Tags: Services and Shopping, Credit and Debt, Real Estate, Unemployment Benefits, Financial Planning
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Bad mortgage writedowns seen saving U.S. $2.8B
Tribune reporterWriting down the value of underwater mortgages backed by Fannie Mae and Freddie Mac could save the federal government as much as $2.8 billion, the Congressional Budget Office said Wednesday. An analysis by the CBO estimated that 1.2 million borrowers...Tags: Congressional Budget Office, Fannie Mae, Freddie Mac
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BofA fires back at New York over modification violations
ReutersBy Karen Freifeld NEW YORK, May 10 (Reuters) - Bank of America Corp has fired back at New York Attorney General Eric Schneiderman after he threatened to sue the bank for violating the terms of a $25 billion settlement designed to end mortgage...Tags: Litigation, Justice System, JPMorgan Chase & Co., Wells Fargo & Co., Lawyers
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Are your mortgage modification terms worth continuing payments?
Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...
Tags: U.S. Department of the Treasury, Finance, Central Bank, Credit Ratings, Federal Reserve
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Lowest mortgage rates in history are a golden opportunity -- for those who are employed and solvent
Real Estate MattersIt's difficult to believe that mortgage interest rates are now officially at the lowest point in history. Or, at least, the lowest point in history as defined by the Freddie Mac, which has been keeping track of 15-year fixed-rate mortgages since 1991....Tags: International Military Interventions, Services and Shopping, Realty, Real Estate, Prices
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Shortage of homes for sale means rising prices in St. Louis
St. Louis Post-DispatchHouse-hunters are out in force this spring in St. Louis, and real estate agents are worrying over a single question: Where are the sellers? Home sales were up 7 percent in April compared to last year in St. Louis County, home to roughly one-third of the...Tags: Homes, Real Estate Buyers, Services and Shopping, Realty, Real Estate
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Examiner's report could spur ResCap creditors seeking Ally cash
ReutersBy Tom Hals May 10 (Reuters) - A report on Friday could embolden creditors of bankrupt mortgage lender Residential Capital LLC to pursue billions of dollars of cash that its parent, Ally Financial Inc, had planned to use to repay a U.S. government...Tags: Bonds, Bankruptcy, Finance, Justice System, Financially Distressed Companies
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COLUMN-Going to alternatives for yield
ReutersBy John Wasik CHICAGO, May 10 (Reuters) - If you're willing to take on more risk, it's a good time to move beyond corporate and government bonds in the incredibly challenging search for yield. While attention has been on the record-setting stock...Tags: Stock Market, Bonds, Petroleum Industry, Finance, Credit Ratings
May 2, 2013
|Story| Reuters
May 2, 2013
|Story| Chicago Tribune
May 10, 2013
|Column| Chicago Tribune
May 10, 2013
|Column| Chicago Tribune
May 11, 2013
|Column| Tribune Media Services
May 1, 2013
|Story| Chicago Tribune
May 10, 2013
|Story| Reuters
May 10, 2013
|Story| Los Angeles Times
May 10, 2013
|Column| Tribune Media Services
May 10, 2013
|Story| McClatchy-Tribune
May 10, 2013
|Story| Reuters
May 10, 2013
|Story| Reuters
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