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07/31/2010 03:23 PM
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Michigan voters search for economic savior
(AP)
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 AP - Michigan voters frustrated over lost jobs, home foreclosures and budget deficits will vote in Tuesday's primary election for leaders they hope can move the state out of its economic morass.
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07/30/2010 10:36 AM
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Glimcher offering raises $96M after costs
(AP)
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AP - Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses.
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07/30/2010 10:22 AM
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Increase in FHA Mortgage Insurance Premiums Passes in House
(CQPolitics.com)
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CQPolitics.com - The House passed legislation Friday to give the Federal Housing Administration flexibility to raise mortgage insurance premiums on the loans it guarantees.
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07/30/2010 08:51 AM
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Reverse Mortgages Aren't Catching On
(U.S. News & World Report)
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U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders.
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07/30/2010 07:22 AM
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Fannie Mae portfolio grows, delinquencies decline
(Reuters)
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Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
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07/29/2010 06:46 PM
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Citigroup to pay $75 million to settle SEC charges
(Reuters)
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 Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
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07/29/2010 05:50 PM
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Citigroup paying $75M to settle civil charges
(AP)
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 AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
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07/29/2010 03:30 PM
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Florida mortgage firm settles federal charges
(AP)
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AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
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07/29/2010 03:04 PM
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Congress to try to recoup Fannie, Freddie costs
(AP)
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AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac.
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07/29/2010 01:25 PM
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Summary Box: Mortgage rates hit low of 4.54 pct.
(AP)
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AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week.
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07/29/2010 01:09 PM
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Mortgage rates hit low of 4.54 percent
(AP)
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 AP - Mortgage rates are the most affordable in decades for those who can qualify for a loan.
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07/29/2010 12:00 PM
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Citigroup settles charges over misleading investors
(AFP)
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 AFP - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.
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07/29/2010 07:01 AM
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(AP)
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AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks.
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07/29/2010 04:48 AM
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Foreclosures up in 75 percent of top U.S. metro areas
(Reuters)
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 Reuters - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.
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07/29/2010 12:53 AM
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France Telecom first half net profit up 45 pct
(AP)
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AP - France Telecom SA said Thursday that first half net profit rose 45 percent due to a one-off gain, although revenue and margins were eroded by regulatory costs and competition in the home market in France.
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07/29/2010 12:29 AM
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Foreclosure activity up across most US metro areas
(AP)
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 AP - Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows.
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07/28/2010 06:05 PM
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Calif. revokes real estate licenses at record pace
(AP)
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AP - The California Department of Real Estate said Wednesday it revoked a record number of real estate licenses in its most recently completed fiscal year.
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07/28/2010 02:52 PM
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Mortgage lenders must register in database
(AP)
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AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble.
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07/28/2010 01:46 PM
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Treasury says latest mortgage-aid report flawed
(AP)
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AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified.
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07/28/2010 12:47 PM
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Summary Box: Mortgage applications down percent
(AP)
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AP - MORTGAGE APPLICATIONS DOWN: Applications for home loans fell 4.4 percent last week despite the lowest mortgage rates in decades, according to the Mortgage Bankers Association.
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