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Senator urges federal regulation of mortgage brokers |
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Written by Broker Ray
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Friday, 04 May 2007 |
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A bill that would increase federal oversight of mortgage brokers and a separate proposal to provide $300 million to nonprofit groups that help troubled borrowers is the "first major legislation to deal with the subprime foreclosure crisis as a weakening U.S. housing market threatens the overall economy," says author Sen. Charles Schumer, D-N.Y. |
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Housing's a drag, not a killer |
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Written by Broker Ray
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Friday, 04 May 2007 |
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March payrolls posted the weakest monthly gain in two years, net of prior-month revision only 62,000 jobs, and the unemployment rate rose to 4.5 percent. However, slowing in the economy has been so widely expected and so thoroughly built into long-term rates that the 10-year Treasury is still 4.65 percent, and mortgages about 6.25 percent.
The economy is now mushing along at stall speed, but for the bond market there's all the difference in the world between flying -- no matter how slowly -- and not.
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New buyers face housing 'tightrope' |
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Written by Broker William
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Tuesday, 01 May 2007 |
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First-time buyers find it almost twice as hard to get on the property ladder as they did a decade ago, a leading housing charity has said. |
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Tesco: Europe's biggest property company |
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Written by Broker William
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Tuesday, 01 May 2007 |
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Baked beans and mange tout make up a small part of what makes the supermarket tick, write James Hall and Jonathan Russell Leahy's team-buildingShoppers who think that Tesco is just a retailer, selling gallons of milk, tonnes of spuds and rails of cheap clothing to the world, should think again. Tesco may look like a supermarket group, but when Britain's biggest retailer said last week that it is sitting on property assets worth £28bn, it outed itself as Europe's biggest property company. |
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Last Updated ( Wednesday, 02 May 2007 )
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Real estate prices may see corrections |
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Written by Broker William
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Tuesday, 01 May 2007 |
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MUMBAI, APR 17: The credit rating agency ICRA believes that the real estate prices might see correction in some pockets. These pockets are cities which do not enough economic activity to support the price boom there. Vikas Agarwal, general manager, head-real estate & construction, ICRA Ltd, said, “There might be some dipping in the real estate prices in some pockets with low economic activity, low income level needed to support the price.” |
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Last Updated ( Tuesday, 01 May 2007 )
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