Mortgage crisis here may be worse than reported
Dorothy Gary never lost her home, but the senior citizen's oversized 24 percent mortgage rate brought her awfully, awfully close.
Read more News Source - The Buffalo News
Publish date - 13:33:39 01/05/09

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Business briefings
NINE-MONTH REPORT State's credit unions show '08 lending growth California credit unions grew their mortgage lending activity by 12 percent during the first nine months of 2008 as other struggling lenders tightened credit, the California Credit Union League said in a report Monday. A full report for 2008 won't be available until February. But league officials touted the ...
Read more News Source - The Sacramento Bee
Publish date - 08:08:44 01/06/09

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Good News: Foreclosures Down in Erie County
States like California and Florida are seeing huge foreclosure numbers for home, but Western New York appears to have escaped the subprime mortgage crisis.
Read more News Source - WGRZ-TV Buffalo
Publish date - 01:21:35 01/05/09

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Big Apple real estate prices defy gravity - so far
Home prices in Manhattan held up remarkably well in the fourth quarter, despite the economic crisis.
Read more News Source - CNN Money
Publish date - 09:50:38 01/06/09

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Michael Dell Part of Group Buying Busted IndyMac Bank
Michael Dell is going to try to turn a buck on the mortgage mess. He’s part of a consortium of seven private equity investors that signed a letter of intent with the Federal Deposit Insurance Corporation (FDIC) on New Year’s Eve to buy the failed IndyMac Bank, one of the accursed entities that led the US economy down the primrose path of sub-prime loans. read more
Read more News Source - SYS-CON Media
Publish date - 11:16:13 01/05/09

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Don't miss the refinance window
CHICAGO - Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades.
Read more News Source - The Capital
Publish date - 23:17:17 01/04/09

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Nebraska not in the red, but budget won't show it
Nebraska's unemployment rate is half the national rate. State tax revenues are coming in on target. Nebraska is one of a handful of states not currently in a financial crisis.
Read more News Source - Lincoln Journal Star
Publish date - 06:36:32 01/05/09

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From ‘Frisco to Frisco: Former Californians moving back to capitalize on falling home prices
The plunging stock market and national credit crunch are bad news for most people, but Laura Lichtman sees a silver lining. Tumbling housing prices in California gave her the chance to sell her Frisco home and purchase one in her home state for less than she ever imagined.
Read more News Source - The Frisco Enterprise
Publish date - 07:30:21 01/05/09

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Rule change raises mortgage costs in Bay Area
The sun set Wednesday on a regulation that was designed to make it easier for home buyers in expensive regions like California to qualify for lower-cost “conforming” mortgages.
Read more News Source - BizJournals
Publish date - 21:44:11 01/02/09

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EDITOR'S NOTE: Real Estate Bubbles
When reporting on multifamily finance in the 2000s, I came across a common refrain from desperate mortgage bankers again and again: "There is a surplus of money chasing a limited amount of product."
Read more News Source - Multi-Housing News
Publish date - 02:37:08 01/05/09

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