Archive for August, 2010

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News Quench

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CBC.ca
Housing will be banks' next sore spot
Vancouver Sun
The challenge for the banks is that making home loans is an important profit driver and the biggest single asset class on their balance sheets.
Governments of Canada and Yukon Open New Affordable Seniors' Housing in FaroMarketwire (press release)
Canada reports square off over housing bubble riskReuters

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FreeRateUpdate.com
Borrowers Take Advantage of FHA-Refinance After Inability to Sell Homes
FreeRateUpdate.com
The Mortgage Banks Association reported that refinance applications increased by 17 percent and caused a surge of 13 percent in overall mortgage

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Telegraph.co.uk
House prices set to slump even further as home loans stay scarce
Independent
New mortgage approvals edged up slightly last month to 48722, a mere 70 more home loans than were forwarded in June. Andrew Goodwin, senior economic adviser
Housing market 'faces double dip'The Press Association
U.K. mortgage approvals stay flat in July, suggesting sluggish marketInternational Business Times
Home loans creep up but housing market stays weakThis is London
Bloomberg -Reuters UK -Telegraph.co.uk
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Mortgage Fraud: The Untold Story of the Housing Meltdown
Housing Watch
Ameriquest Mortgage, one of the nation's most aggressive home-loan shops, lured him away from American General. At Ameriquest, Paules recalls,

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Memo to Obama: time to break the refinance strike by the big banks
Housing Wire
There are growing signs of unease bordering on desperation inside the Obama White House. Most of the O Team now understands that the real, private economy

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