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“The Laborers International Union of North America (LIUNA) has suggested that a new assembly bill be introduced in California to bar homebuilders from involvement in the mortgage business.”
Phoenix: April Phoenix Home Sales Reach Boom Time Levels
“Speculators and prospective home owners came out in droves to buy homes in the Phoenix area. M did an early check of the sales numbers, and heres the unofficial sales for April”
For Mortgages, a Pain in the Alt-A
” Early evidence of at least some relative improvement among securitized subprime loans likely wont matter much to mortgage markets overall, thanks to fast-increasing pain in other sectors of the mortgage market. According to early surveillance data released Friday by Clayton Holdings, Inc., both subprime and Alt-A delinquencies continue to grow, but patterns within overall delinquency trends show just where the pain in the mortgage market really has shifted to.”
hope now: foreclosure starts hit record high
“Foreclosure alliance Hope Now completed 249,000 loan workouts in March, up slightly from the 244,000 a month earlier.”
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