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Tag Archives: Financing

Foreclosures squeeze U.S. home prices, sales

WASHINGTON — Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, ...

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New-home sales up in November but 2011 figures dismal

WASHINGTON — Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual ...

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Editorial Advisory Board: Good for UB, good for UB Law

If you were anywhere near the University of Baltimore School of Law last week, you probably heard a great sigh of relief from administrators, faculty, staff and students alike. The seemingly endless war between the law school and the university ...

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Robert Nusgart: Volatility sends mortgage rates even lower

Amazing. Just amazing. The last week in the mortgage industry has been a series of wild swings of ups and downs that has culminated in a furious wave of phone calls and emails to borrowers and homeowners to get them ...

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Rate on 30-year fixed mortgage rises to 4.60 pct.

WASHINGTON — Fixed mortgage rates rose this week by the most in four months. The average rate on the 30-year loan increased to 4.60 percent, up from 4.51 percent a week ago, Freddie Mac said Thursday. It hit its lowest ...

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Judge approves Dodgers bankruptcy financing

WILMINGTON, Del. — A Delaware judge has authorized the Los Angeles Dodgers to enter into a $150 million bankruptcy financing arrangement after the club satisfied certain concerns raised by Major League Baseball. After trading sharply worded briefs over the proposed ...

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