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Nearly half of all US homeowners with a mortgage still ‘underwater’ in Q1
Despite rising home prices early in the year, a significant portion of U.S. homeowners with a mortgage, about 44 percent, still owed more on their home than it was worth or didn’t have enough equity to move at the end of the ...
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Would-be commerce secretary was pioneer in subprime lending
Will Penny Pritzker — the chairman, president and chief executive officer of Pritzker Realty Group LLC – be the next secretary of commerce? That she led fundraising efforts that helped President Barack Obama win the 2008 election undoubtedly helped the ...
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Mortgage rates may spike on Fed uncertainty
Uncertainty about the future of the Federal Reserve’s massive program to keep interest rates low could spook investors and send mortgage rates higher. Testifying before lawmakers today, Fed Chairman Ben Bernanke said he couldn’t rule out cutting back on the ...
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Zoocasa moving to referral model
Canadian property search portal Zoocasa is obtaining brokerage licenses in order to secure listings data, but instead of hiring its own agents the company will provide referrals to other brokers. Zoocasa relaunched today with listings in the Greater Toronto area ...
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Corcoran Group shows how Tumblr is done
On its “10 a.m. Special” Tumblr page, The Corcoran Group showcases one jaw-dropping listing every day. The posts are bursting with a colorful mixture of new media that includes clickable photos and graphics, embedded videos, and invitations to follow Corcoran ...