Mortgage delinquency rates fell in the third quarter, marking it the seventh consecutive quarter for such a decrease.
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Mounting confidence in the housing recovery has prompted more builders to expand their land and lot holdings in the past year — some by as much as 50 percent.
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Since the beginning of 2012, suburban markets have accounted for 87 percent of office demand. That follows vacancy rates in some areas of the country that spiked above 30 percent during the recession.
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The mortgage giant is offsetting loan risks by tapping the reinsurance industry to guard against future losses.
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In Phoenix, rising home values have enabled lenders to sell foreclosed homes for more than what the home owners owed on their mortgages. The owners may have a right to the excess proceeds.
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NAR’s Board of Directors passed an amendment Monday during its meeting in San Francisco requiring one year of service on a national committee.
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