WASHINGTON, D.C.- Turmoil in the mortgage finance system in August led to an 8.3 percent drop in sales of new single-family homes for the month, according to figures released by the U.S. Commerce Department. The seasonally adjusted annual rate of 795,000 units was 21.2 percent below a year earlie
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10/07/2007
Nationwide, about 130,000 job cuts have been announced in the financial industry this year, with 54 percent of them coming from mortgage or subprime lenders, according to a report this week by outplacement consultant Challenger, Gray & Christmas.But the fallout has not been so pronounced in Tenne
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10/07/2007
Remodeling magazine's annual "Cost vs. Value Report" is to be published Nov. 1, so up-to-date information on how much bang you can get for each buck invested in rehab projects isn't public yet. Magazine editorial director Sal Alfano said the raw numbers indicate that the days of seeing returns of
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10/07/2007
From Bankrate.com 9/12/2007The following link explains in great detail the FHA program to help delinquent but credit worthy home owners refinance and avoid foreclosure. I will admot that as an opponent to government intervention in most any situation this will be at least a way of improving publi
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09/13/2007
1877 Les Robinson RoadGorgeous Cape Cod on a 1 acre lot. Master Bedroom Down, Ceramic Tile & hardwood floors, Huge bedrooms, Awesome bonus room Tons of storage, Storage building / workshop in back Large covered deck and an above ground pool. Sought After Magnolia Pla
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09/10/2007
New Home Sales Numbers for August 2007 have just been released by the Williamson County Board of Directors. September 7, 2007 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of August. There were 4
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09/09/2007
Tennessee's seasonally adjusted unemployment rate for July 2007, released last week, remained unchanged from the June rate of 4.1 percent. That is GOOD NEWS when compared to the United States rate which was 4.6 percent for July, an increase of 0.1 percent from June.County non-seasonally adjusted
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09/02/2007
The other day I was having lunch with at a civic group and we all must eat with someone we do not know as to share our background and knowledge with one a nother. During lunch this young man who is employed in the medical services industry asked my "So what do you do now?" I looked puzzled and an
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09/02/2007
What do banks look for when they review the information on a loss mitigation request? (Step 1 in a short sale)Most banks require the owner to provide 2 years of tax returns, two current months of bank statements and 2 recent pay stubs along with a complete financial statement and a hardship lette
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08/11/2007
As the Dow Jones takes a dip in trading based on international investors selling off investments in the subprime but high yielding home loan market, we see applications for new mortgages surge???? If you like wooden roller coasters that drop and make you feel like your stomach is in your throat t
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08/09/2007
