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MBA Survey: Mortgage Apps Increase Again

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday, which showed an increase in home loan requests for the third week in a row. For the week ending July 17, 2009, MBA reported that total mortgage application volume rose 2.

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Arizona Realtor Distinguished for REO Work

Scott Gibson of RE/MAX Renaissance Realty – Gibson Laughton Group in Arizona, has been ranked No. 4 on the list of Top 100 Teams in the United States published by RE/MAX Mainstreet, according to standings for January through May of 2009 based on residential commissions paid.

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LOGS Member Firms Recognized by LPS

The LOGS Network, a consortium headquartered in Northbrook, Illinois, that provides legal and outsourcing solutions for the residential mortgage and consumer credit industries, has announced that its member firms received a total of 13 awards at the recent LPS Default Solutions Attorney Summit hosted by Lender Processing Services in Minneapolis, Minnesota.

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St. Louis Fed Site Tracks Regulatory Reform

The Federal Reserve Bank of St. Louis launched a new Web site feature Tuesday, designed to help the public keep track of major regulatory developments in the government’s actions for financial system reform .

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FHFA Reports a Rise in Home Prices

While many reputable real estate research firms have reported smaller declines in home prices in recent months, but declines nonetheless, the Federal Housing Finance Agency (FHFA) released a report today that says U.

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Massachusetts OKs Tax Credit Downpayment

Massachusetts Gov. Deval Patrick unveiled a statewide program last week that will allow first-time homebuyers to get an advance on the $8,000 federal tax credit to use toward downpayments and closing costs.

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Former Fannie CEO to Lead Investment Firm

The New York-based alternative asset management firm Fortress Investment Group LLC announced over the weekend that Daniel H. Mudd, Fannie Mae’s former chief, will take the helm at Fortress as the company’s new CEO.

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Freddie Names Haldeman New CEO

After a four-month-long search process, Freddie Mac announced Tuesday that its board of directors named finance industry veteran Charles E. Haldeman, Jr. as the company’s new CEO and has elected him as a member of the board – a move that was widely expected, as DSNews.

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