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Yahoo! News: Business - Real Estate
BofA mortgage modifications jump in March (Reuters) 3/12/2010 10:52 AM
Reuters - Bank of America Corp completed 20,666 mortgage modifications in March under a U.S. government-backed program, up 61 percent from February, the bank said on Friday.
Home Foreclosures Approach Peak Range (U.S. News & World Report) 3/12/2010 10:35 AM
U.S. News & World Report - Although the U.S. housing market witnessed its smallest annual increase in foreclosure activity in four years last month, distressed-property tallies are expected to remain in an elevated range for some time. Foreclosure filings were reported on more than 308,000 American homes in February, RealtyTrac said Thursday. That's a 2 percent decline from January but a 6 percent increase from a year earlier. All told, February represents the 12th consecutive month with more than 300,000 foreclosure filings.
Wells Fargo, Baltimore in talks after mortgage suit (Reuters) 3/12/2010 9:49 AM
Reuters - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.
UK home loans fall by half in January (AP) 3/12/2010 4:18 AM
AP - The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday.
Parents Run Risks Helping Kids Buy A Home (Investor's Business Daily) 3/11/2010 4:45 PM
Investor's Business Daily - The end of the federal tax credit for homebuyers is fast approaching. That means crunch time for parents who want to help their kids buy a place as inexpensively as possible.
Fannie Mae to offer $6b in notes (AP) 3/11/2010 2:48 PM
AP - Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013.
Gov't official warns on home down payment hikes (AP) 3/11/2010 2:28 PM
AP - The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for home loans backed by the agency could threaten the housing market.
Summary Box: Foreclosures grow more slowly (AP) 3/11/2010 1:17 PM
AP - FORECLOSURES UP: Foreclosure listing service RealtyTrac says the number of households facing foreclosure last month grew 6 percent from a year ago.
Mortgage rates remain below 5 percent (AP) 3/11/2010 10:23 AM

In this Feb. 28, 2010 photo, a realtor's sign proclaims a residential home sale in Sudbury, Mass. Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, March 11, 2010, weeks before a government program that has been keeping rates low is scheduled to expire.(AP Photo/Bill Sikes)AP - Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.
Foreclosure rates up by smallest amount in 4 years (AP) 3/11/2010 9:10 AM

A pre-foreclosure sign is displayed outside a home in Miami, Florida in 2009. The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans.(AFP/Getty Images/File/Joe Raedle)AP - The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.

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