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Tag Archives: mortgages

Realities of Real Estate: No one wants to see real estate rerun

To borrow a phrase from former Secretary of Defense Donald Rumsfeld, the recovery in real estate has been a “long, hard slog.” And to cite an expression attributed to many throughout history, “Those who forget the past are condemned to repeat it.”

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Rate on 30-year mortgage declines to 3.54 pct.

WASHINGTON — Average U.S. rates on fixed mortgages fell this week and remained near historic lows, a trend that has supported a recovery in housing. Freddie Mac said Thursday that the average rate for the 30-year loan fell to 3.54 ...

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Freddie accuses big banks of rigging lending rate

WASHINGTON — Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant. Freddie filed the lawsuit Thursday ...

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S&P expects U.S. lawsuit over its mortgage ratings

WASHINGTON — Standard & Poor’s says the government plans to file a civil lawsuit alleging wrongdoing by the agency when it gave high ratings to mortgage debt securities that later plunged in value and fueled the 2008 financial crisis. S&P ...

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Real estate interests push to revisit tax on $1M+ mortgages

An attempt to review and reassess the imposition of a real estate tax that went into effect July 1, 2012 on mortgages of $1 million or more promises to be a focal point of interest for commercial real estate executives, bankers and developers in the current General Assembly session.

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