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Senate defeats anti-foreclosure proposal – The Associated Press


AFP


WASHINGTON (AP) — The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President Barack Obama embraced but did little to see through.
The Cram-Down Smackdown Reuters
Senate kills modified-mortgage provision for those facing foreclosure MinnPost.com
No bankruptcy help for homeowners CNNMoney.com
Forbes - Huffington Post
all 557 news articles

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Swine flu case postpones Chandler foreclosure meeting – Arizona Republic


A positive test for swine flu at Hartford Elementary School has forced the postponement of the home foreclosure workshop scheduled for 7 pm at the school tonight. The school will be closed for the next five days as a result of a student's illness.

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MBIA Sues Merrill Lynch Over Subprime-Debt Protection – Bloomberg


By Jody Shenn April 30 (Bloomberg) — MBIA Inc., the largest bond insurer, said two of its units sued two Merrill Lynch & Co. businesses now owned by Bank of America Corp. over protection sold against mortgage-debt defaults. The suit, filed in New York
MBIA files lawsuit against Merrill Lynch Business in the Burbs
all 34 news articles

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Capstead Mortgage Q1 profit beats analysts view – Reuters


April 30 (Reuters) – Capstead Mortgage Corp (CMO.N: Quote, Profile, Research) posted higher-than-expected quarterly profit, helped by lower borrowing rates and higher prices for its residential-mortgage securities due to recent government actions.
Capstead Mortgage Corporation Announces Current Board Member Jack WELT ONLINE
Market Report — In Play (CMO) MSN Money
Capstead Mortgage Corporation Announces First Quarter 2009 Earnings StreetInsider.com (subscription)
all 17 news articles

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Foundation Backs Foreclosures Project – Wall Street Journal


By MIKE SPECTOR The Ford Foundation plans to pump $50 million into a new nonprofit venture that will help municipalities buy foreclosed homes from financial institutions, in an effort to stem property-value declines plaguing US neighborhoods.

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Senate roll call on anti-foreclosure measure – The Associated Press


AFP


The 45-51 roll call by which the Senate on Thursday defeated a measure that would have given bankruptcy judges authority to reduce the costs and terms of mortgages for homeowners threatened with foreclosure. On this vote, a "yes" vote was a vote in
Mortgage reduction bill fails in Senate Los Angeles Times
The Cram-Down Smackdown Reuters
Senate kills modified-mortgage provision for those facing foreclosure MinnPost.com
CNNMoney.com - Forbes
all 572 news articles

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Fed Hopes 5-Year TALF Loans Will Help Real-Estate Market – Wall Street Journal


By JON HILSENRATH and LINGLING WEI The Federal Reserve is preparing to announce new terms on one of its lending programs that officials hope will help revive the commercial-real-estate market, according to people familiar with the matter.
Fed plans 5-year loans under TALF: report Reuters
Fed near decision on 5-year loans for CMBS-source Reuters
all 51 news articles

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The Cram-Down Smackdown – Reuters


AFP


But it's equally possible that bankruptcy judges' appraisals of the "fair market value" of foreclosed houses would have been much kinder than the market's. Now that the cram-down legislation has failed, we won't know for sure. But don't be surprised if
Senate kills modified-mortgage provision for those facing foreclosure MinnPost.com
No bankruptcy help for homeowners CNNMoney.com
Cramdown Bill Fails In Senate Forbes
Huffington Post - Wall Street Journal
all 516 news articles

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Real Estate Brokers Network Through Social Media – NY1


Gizmo News


Social media sites are now major players in the real estate world and are revolutionizing the way business is done. NY1's Real Estate reporter Jill Scott filed the following report. Between Facebook, Twitter and LinkedIn, social media websites help
For sale by tweet: Social networking to sell homes Gay and Lesbian Times
• Social-networking Webinar Q&A Part IV: Social networking Central Penn Business Journal
all 189 news articles

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Mortgage rates lowest in at least 39 years – Bizjournals.com


MonitorBankRates.com


Long-term mortgage rates this week reached the lowest level since at least 1970, falling for the third consecutive week. Freddie Mac's weekly rate report says the average 30 year fixed-rate mortgage fell to 4.78 percent, matching a low set April 7 and
Mortgage rates fall slightly CNN
Homeowners Catch a Break Thanks to Falling Mortgage Rates FOXBusiness
Mortgage rates remain low United Press International
MonitorBankRates.com - Asbury Park Press
all 137 news articles

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