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Tag Archives: mortgages

Freddie Mac posts $1.2B net income for 2Q

WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after ...

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Sales of new homes rose 3.3 percent in April

WASHINGTON — Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover. New-home sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000, the ...

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Assembly approves tax increase, teacher pension cost shifts

ANNAPOLIS — The General Assembly gave final approval early Wednesday afternoon to a budget package that will raise taxes on the wealthiest Maryland residents and shift the cost of teacher pensions to local jurisdictions. The tax package, which did not ...

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Contracts for homes across U.S. rose last month

WASHINGTON — An index that tracks the number of signed contracts to buy U.S. homes rose to its highest level in nearly two years last month, the latest sign the battered housing market is slowly improving. The National Association of ...

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Some states saw spike in foreclosures in February

LOS ANGELES — Foreclosure activity surged last month across about half of the nation’s states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to delays stemming from foreclosure-abuse claims. The ...

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