mortgage Lenders

Even in a sputtering economy, one segment of the U.S. housing market is feeling a bounce.

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One of New England’s most important banks, and a necessary catalyst to any potential housing market recovery, faces a crisis over a $4.1 billion investment portfolio that is riddled with junk-rated securities valued at 51 cents on the dollar — and sinking.

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COLUMBIA — Whether the State Ports Authority is restructured or South Carolina gets an official state duck come down to what Gov. Mark Sanford does next.

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House prices remained static in May after almost two years of falls new research shows.

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Our troubles are over – a house price survey from Nationwide has found that property prices have gone up by 1.2 per cent in a month, a rise in two of the last three months. Suddenly, the lender says, the annual rate of decline as improved dramatically from -15 per cent to -11.3 per cent, so that the average home is worth over £2,000 more than it was four weeks ago. The talk is now of having …

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By Kathleen Thurber Staff Writer Crawling out from under the staircase of a North Midland apartment complex last week, two kittens scampered into the nearby bushes, peeking their heads out only after the sound of footsteps had come to a halt.

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Four years ago, when subprime mortgage loans were hot commodities, investors enthusiastically bought pieces of a pool of 5,500 mortgages that covered $984 million in homeowner debt.

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With April’s unemployment rate hitting 8.9 nationally and 10.2 percent in Ohio, a growing number of people who have lost jobs or income are edging closer to losing their homes and creating another wave in the nation’s foreclosure crisis. Related: Cuyahoga County median home sales price is 28% lower than 2008 as foreclosures keep down prices

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STAMFORD — For the second time in less than two months, families on the brink of losing their homes met with bank representatives during a foreclosure event Saturday at the Yerwood Center.

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Three housing counseling agencies in Westchester County have worked out 76 deals between homeowners facing foreclosure and their mortgage lenders since the start of the year, with nearly 400 more deals pending, the county government said.

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